The rupee maintained rising trend against the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee gained 10 paisas in relation the dollar for buying and selling at Rs 155.80 and Rs 156.30 respectively, they added.
In the final US trade, the euro gained against the dollar on Friday for the second day after the European Central Bank on Thursday exempted euro zone banks from a penalty charge, which analysts say will reduce the currency impact of new stimulus.
The ECB on Thursday cut its deposit rate to a record low -0.5% from -0.4% and said it will restart bond purchases of 20 billion euros a month from November. The purchases will run for as long as necessary and end shortly before it starts raising the key ECB interest rates.
It also said that euro zone banks will be exempted from paying a penalty charge on idle cash worth six times their mandatory reserves.
The single currency initially dropped on the new stimulus, testing more than two-year lows, before dramatically changing direction.
By exempting banks from the penalty charge the ECB aims to minimize stress in financial institutions that have been harmed by years of low rates.

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Open Bid       Rs.155.80
Open Offer     Rs.156.30
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