The rupee took a sigh of relief as after a long-time it managed to hold its levels against the dollar on the money market on Saturday in the process of trading activity, marketmen said. In the meantime, it is anticipated that the rupee is likely to come under pressure versus the dollar in the near future, they added.
In the final US trade, the dollar index climbed to its highest in almost two weeks on Friday after encouraging retail sales data for May released ahead of a Federal Reserve policy meeting next week eased fears that the US economy is slowing sharply.
The Commerce Department said retail sales rose 0.5 percent last month, just below economists' expectations of a 0.6 percent gain. Data for April was revised up to show retail sales gaining 0.3%, instead of dropping 0.2 percent as previously reported.
The dollar index against a basket of currencies was last 97.35, up 0.53% on the day and the highest since June 3.

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