An easier trend persisted on the money market on Friday as the rupee continued its decline against the dollar in the process of trading, dealers said. The rupee also drifted lower in relation to the dollar, losing six paisas for buying and selling at Rs 104.76 and Rs 104.77 respectively, they said.
The US currency dipped slightly to 106.610 yen after surging to 106.950 yen overnight, its highest since July 21. The greenback was set to end the week with a 3.3 percent gain against its Japanese peer, which was initially expected to emerge on the winning end due to its perceived safe-haven status upon a Trump victory in the US presidential elections.
The dollar was trading against the Indian rupee at Rs 67.00, the greenback was at 4.2700 versus the Malaysian ringgit and the US currency was at 6.8119 in terms of the Chinese yuan.
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Open Bid Rs.106.00
Open Offer Rs.106.20
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Bid Rate Rs.104.76
Offer Rate Rs.104.77
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The US dollar resumed trading on a healthy note and kept moving up during the day's trading session. Following the buyers' interest, the dollar's rate further climbed up at Rs 106.15 and Rs 106.45 on buying and selling sides, respectively, as compared to day earlier closing of Rs 106.00 and Rs 106.20, the currency dealers said.
Likewise, versus the pound sterling, the local currency also followed the same suit. The pound's buying and selling rates further slipped up from the Thursday's closing of Rs 130.80 and Rs 131.80 to Rs 132.90 and Rs 133.90, respectively, the dealers added.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).