THE RUPEE: firm trend

28 Dec, 2014

Firmness prevailed on the local currency market on Saturday as rupee did not show any change versus the dollar in the process of trading, dealers said. The rupee depicted no change in terms of the dollar for buying and selling at Rs 100.70 and Rs 100.90 respectively, but it gained 25-paisa against the euro for buying and selling at Rs 122.25 and Rs 122.50 respectively, they said.


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Open Bid Rs 100.70
Open Offer Rs 100.90
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According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 100.50 and Rs 100.75 on buying and selling side, respectively. The dollar did not observe any change in its value as opening rates continued to prevail till close of trading, the dealers said.
Similarly, the rupee stayed unchanged against the pound sterling that was traded at its Friday closing of Rs 156.00 and Rs 156.25, respectively, they added.
The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).

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