The rupee almost held the overnight levels against the dollar on the currency market on Friday in the process of trading, dealers said. The rupee firmly held the overnight levels against the dollar for buying and selling at Rs 98.68 and Rs 98.70 respectively, they said.
The rupee adopted the same mood in terms of the euro as it also shed the same amount for buying and selling at Rs 135.80 and Rs 136.05, they said.
In the final Asian trade, the yen's advance to multi-month highs against the euro stalled on Friday as investors booked profits before the weekend. The euro fetched 138.14 yen, off a four-month low of 137.98. It was still on track to end down for a fourth straight week and at a loss of 2.5 percent on the month.
The dollar was trading against the Indian rupee at Rs 58.96, the greenback was available at 3.2155 in terms of Malaysian ringgit and the US currency was at 6.2429 versus the Chinese yuan.
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Open Bid Rs.99.70
Open Offer Rs.99.90
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Bid Rate Rs.98.68
Offer Bid Rs.98.70
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According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 99.65 and Rs 99.90 as its buying and selling rates, respectively. The dollar observed slight decline in its demand that helped rupee appreciation. At close of trading, the dollar was ended at Rs 99.60 and Rs 99.85 on buying and selling side, respectively, the dealers said.
The rupee-pound sterling parity stayed unchanged amid low trading activity. The pound was purchased and sold at its Thursday closing of Rs 166.75 and Rs 167.00, respectively, they added.
The dollar opened at Rs 98.50 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (selling).
Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.