The rupee maintained upward trend against the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee picked up 10 paisas in terms of the dollar for buying at Rs 139.50 and the local currency rose by 20 paisas for selling at Rs 139.80, they said. The rupee also gained sharply against the euro for buying and selling at Rs 157.50 and Rs 159.25 respectively, they said.
The dollar had fallen two straight days after the US Federal Reserve on Wednesday flagged fewer interest rate hikes for the next two years.
The safe-haven Japanese yen gained versus the dollar on overall market anxiety. On the week, the yen had its best weekly performance in percentage terms since February.
US President Donald Trump conceded on Friday there was a good chance the Senate would not approve his demand for $5 billion toward funding his border wall project and a government shutdown would probably begin at midnight.
The news undermined Wall Street shares, with the S&P 500, already on pace for its worst December since the Great Depression, hitting its lowest since August 2017. The Dow Jones industrial average fell to its weakest since October 2017, while the Nasdaq sank to a 15-month low, flirting with bear market territory for a second day in a row.

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Open Bid       Rs.139.50
Open Offer     Rs.139.80
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