Firmness prevailed on the money market on Friday as the rupee held overnight levels at the first trading session of 2016, dealers said. The rupee retained its levels for the third day at Rs 105.90 and Rs 106.10 for buying and selling respectively, they added.
Riding a rally dating to May 2014, the greenback has appreciated by a quarter in value against a basket of currencies and by 22 percent against the euro. For the year, the greenback rose over 10 percent against the euro for its second straight yearly gain.
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Open Bid Rs.105.90
Open Offer Rs.106.10
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The dollar was traded at Rs 106.10 and Rs 106.70 on the buying and selling counters as against previous closing rate of Rs 106.40 and Rs 106.90.
The rupee too did come back against the British pound, whose buying and selling rates fell from the day earlier closing of Rs 156.30 and Rs 157.30 to Rs 155.10 and Rs 156.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).