The rupee stayed put against the dollar for the second day on Friday in the process of trading, dealers said. The rupee retained its levels in relation to the dollar for buying and selling at Rs 104.80 and Rs 104.82 respectively, they said.
The index, which had set a 14-year high of 103.820 just three days ago on a seeming resumption of the dollar-bullish 'Trump trade', was weakened overnight by lacklustre US employment data. The US currency was also hit by a surge in the Chinese yuan, which some traders suspect was orchestrated by China to shake out large short positions against the currency.
The dollar was trading against the Indian rupee at Rs 67.97, the greenback was at 4.4730 in terms of the Malaysian ringgit and the US currency was available at 6.9399 versus the Chinese yuan.
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Open Bid Rs.108.30
Open Offer Rs.108.50
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Bid Rate Rs.104.80
Offer Rate Rs.104.82
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According to currency dealers, the US dollar resumed trading on its overnight closing of Rs 108.30 and Rs 108.70 as its buying and selling rates, respectively. Due to selling pressure, it lost its worth to Rs 108.00 on buying counter. However, it did not witness any change in its selling rate which prevailed till close of trading at Rs 108.70 on selling counter, respectively, they added.
Moreover, the Pakistani rupee remained unchanged on buying side it, however, it drastically registered reduction on selling side versus the pound sterling. The British currency was bought and sold at Rs 132.00 and Rs 134.40 against the Thursday's closing rates of Rs 132.00 and Rs 132.50, respectively, they said.
The dollar was unchanged against the rupee at Rs 108 (buying) and Rs 108.50 (selling). It did not observe any change in evening session and closed at the same rate.
Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 135 (buying) and Rs 135.10 (selling).