The rupee moved cautiously against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed two-paisa in terms of the dollar for buying and selling at Rs 101.81 and Rs 101.82 respectively, they said.
In the final Asian trade, the dollar steadied against the euro and yen after a week of gains as the market braced for US non-farm payrolls data that could spur the Federal Reserve to raise interest rates in September.
The euro treaded water at $1.0915 after edging further away from a two-week trough of $1.0847 plumbed mid-week. The common currency has lost 0.6 percent versus the dollar this week. The dollar was trading against the Indian rupee at Rs 63.77, the greenback was available at 3.9140 versus the Malaysian ringgit and the US currency was at 6.209 in terms of the Chinese yuan.
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BID Rs 102.80
Offer Rs 103.00
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Bid Rs 101.81
Offer Rs 101.82
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According to currency dealers, the greenback opened at Rs 103.05 (buying) and Rs 103.35 (selling) against Rs 103.00 and Rs 103.30 on Thursday. In the absence of buying activity, the greenback lost its worth and was closed at Rs 102.80 and Rs 103.25 on buying and selling counters, respectively. However, some of the dealers quoted buying and selling rates of the dollar as Rs 102.85 and Rs 103.30.
On the other hand, the British pound was purchased and sold at Rs 158.80 and Rs 159.80 as against Rs 159.25 and Rs 159.75 on Thursday.
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).