THE RUPEE: little changes

25 Jul, 2015

The rupee moved with slight fluctuations against the dollar on the money market on Friday, dealers said. The rupee shed two-paisa versus the dollar for buying and selling at Rs 101.84 and Rs 101.85 respectively, they said.
In the final Asian trade, the euro hovered near one-week highs against the dollar early as relief from Greece taking another step towards a bailout prompted bouts of short-covering, while lower US debt yields put the greenback on the defensive versus the yen.
The euro stood steady at $1.0986 and within close range of a one-week high of $1.1018 struck overnight. The common currency was lifted after the Greek parliament approved a second set of reforms required to start negotiations with lenders in a bid to avoid bankruptcy. The dollar was trading against the Indian rupee at Rs 63.96, the greenback was available at 3.8060 versus the Malaysian ringgit and the US currency was at 6.209 in terms of the Chinese yuan.



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Open Bid Rs 103.00
Open Offer Rs.103.20
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Bid Rate Rs.101.84
Offer Rate Rs.101.85
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The dollar opened at Rs 102 (buying) and Rs 102.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 102 (buying) and Rs 102.20 (selling). Pound Sterling opened at Rs 157 (buying) and Rs 157.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 157 (buying) and Rs 157.50 (selling).

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