Firmness prevailed on the money market on Friday as the rupee managed to gain slightly against the dollar in the process of trading activity, dealers said.
In the final Asian trade, the dollar rose to a three-week high versus the yen on Friday, lifted by expectations that a protracted trade dispute between the United States and China would be resolved soon.
The greenback has gained about 0.85 percent against its safe-haven Japanese peer this week, thanks also to factors such as strong US economic data and broad improvement in risk appetite.
The trade war between the world's two biggest economies has been a major distraction for financial markets over the past year, with riskier assets in particular taking a hit on worries about the broadening business and growth impact of the conflict.
US President Donald Trump said on Thursday both countries were getting very close to a trade deal that could be announced within four weeks.
The dollar index against a basket of six major currencies was unchanged at 97.300 after rising 0.2 percent the previous day.
The dollar was trading against the Indian rupee at Rs 69.250 and the greenback was at 4.080 in terms of the Malaysian ringgit.
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Open Bid Rs.142.50
Open Offer Rs.143.00
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Bid Rate Rs.141.30
Offer Rate Rs.141.32
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According to currency dealers, the US dollar did not observe any change in its demand and supply situation throughout the trading session as it firmly sustained its opening trend for buying and selling at Rs 142.50 and Rs 143.00 respectively.
On the other hand, the rupee showed stability as it recovered its earlier losses versus the pound sterling. The pound's buying and selling rates slid from the Thursday's closing of Rs 189.10 and Rs 190.00 to Rs 187.00 and Rs 188.40 respectively, they added.
The dollar opened at Rs 142.10 (buying) and Rs 142.20 (selling) against last rate of Rs 142.50 (buying) and Rs 142.60 (selling). It closed at Rs 142.10 (buying) and Rs 142.20 (selling) by the end of evening session.