The rupee recovered more ground against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee gained Re.one versus the dollar for buying at Rs 150.00, it also picked up 50 paisas for selling at Rs 151.00, they said. The rupee, also appreciated by Rs 1.70 against the euro for buying and selling at Rs 164.00 and Rs 168.00 respectively, they said.
The greenback was not helped by rising expectations for an interest rate cut by the US Federal Reserve later this year to help boost the world's biggest economy.
Against a basket of key rival currencies, the dollar was largely unchanged at 97.906, having fallen from a two-year high of 98.371 overnight. The index is still up 1.8% for the year.
On Thursday, President Donald Trump said US complaints against Huawei Technologies Co Ltd might be resolved within the framework of a US-China trade deal, while at the same time calling the Chinese telecommunications giant "very dangerous."
The dollar was trading against the Indian rupee at Rs 69.710, the greenback was at 4.191 in terms of the Malaysian ringgit and the US currency was available at 6.912 in relation to the Chinese yuan.

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Open Bid       Rs.150.00
Open Offer     Rs.151.00
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