The rupee continued decline against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee failed to come out of the weakness versus the dollar, sliding 30 paisas for buying and selling at Rs 135.00 and Rs 135.30 respectively, they said. The domestic currency also lost 25 paisas in relation to the euro for buying and selling at Rs 152.75 and Rs 154.75 respectively, they said.
The dollar's near-term outlook, however, has dimmed a little bit as some of the recent US economic numbers have come in weaker than expected and several Federal Reserve officials have struck a cautious tone on the economy. All told, investors are increasingly of the mindset that the Fed may be nearing the end of its tightening cycle.
The euro slumped on signs economic growth could be slowing across the euro zone, with worries about Brexit and Italy's budget negotiations also weighing on the single currency.

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Open Bid       Rs.135.00
Open Offer     Rs.135.30
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