Print Print edition: 2012-01-08

THE RUPEE: dollar crosses 91 level

Published Updated

The dollar easily crossed the level of Rs 91 on the currency market on Saturday in process of trading, they said. The rupee lost 45 paisa in relation to dollar for buying and selling at 91.10 and 91.30, they said. Versus euro the rupee, however, rose by nine paisa for buying and selling at Rs 115.48 and Rs 115.98, they said.
Reuters adds: It has been a rough start to 2012 for the euro and it won't get any easier next week as the region grapples with a possible recession and two of its larger economies conduct a crucial test of investors' appetite for their debt.


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Open Buying Rs 91.10
Open Selling Rs 91.30
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According to dealers, the dollar ended higher at Rs 91.10 and Rs 91.50 as buying and selling rates against Friday's Rs 90.80 and Rs 91.20, respectively.
However, the rupee appreciated against pound sterling which declined to Rs 140.00 and Rs 140.80 as buying and selling rates from overnight Rs 140.30 and Rs 141.00, dealers said.
The dollar opened at Rs 89 (buying) and Rs 89.20 (selling) against same last rates. It did not observe further change in the second session and closed at Rs 89 (buying) and Rs 89.20 (selling).
Pound sterling opened at Rs 138 (buying) and Rs 138.90 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 138 (buying) and Rs 138.90 (selling).