THE RUPEE: firm trend

21 Feb, 2016

The rupee held the overnight levels against the dollar on the money market in the process of trading on Saturday, dealers said. The rupee did not move any side in relation to the greenback for buying and selling at Rs 105.90 and Rs 106.10 respectively, while the rupee lost 25-paisa in terms of the euro for buying and selling at Rs 117.25 and Rs 118.25 respectively, they added.


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Open Bid Rs 105.90
Open Offer Rs 106.10
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The dollar resumed trading at its day earlier closing of Rs 106.00 and Rs 106.20 as its buying and selling rate, respectively. The dollar did not observe any change in its demand and supply situation that helped rupee stability.
As a result, the opening rate continued to prevail till close of trading, the dealers said. However, the rupee lost 40 paisa on buying side while it remained unchanged on selling side in relation to the pound sterling.
The pound's buying rate improved from the Friday closing of Rs 151.10 to Rs 151.50 while its selling rate stayed unchanged at Rs 152.50, they added.
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).

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