No major changes were seen on the money market on Friday as the rupee almost held the present levels in terms of the dollar in the process of trading, dealers said. The rupee managed to gain two paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80 respectively.
The dollar was knocked back against the euro and yen this month as Trump focused on protectionist trade policies and appeared to back a weaker dollar since taking office. The euro was little changed at $1.0666 after losing 0.4 percent the previous day. The common currency was on track to shed more than 1 percent on the week, during which it was dogged by perceived political risks facing the euro zone.
The dollar was trading against the Indian rupee at Rs 66.93, the greenback was at 4.4440 in terms of the Malaysian ringgit and the US currency at 6.8779 versus the Chinese yuan.
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Open Bid Rs.107.20
Open Offer Rs.107.40
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Bid Rate Rs.104.78
Offer Rate Rs.104.80
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According to currency dealers, the US dollar resumed trading on a positive note amidst lack of buyers' interest in the market.
At the close, it rose to Rs 107.20 and Rs 107.50 on buying and selling counters, respectively, as compared to the overnight closing rates of Rs 107.00 and Rs 107.40, respectively, they added.
Moreover, the local currency showed mixed patterns as it moved both ways against the pound sterling for another day.
The British currency was bought and sold at Rs 133.50 and Rs 134.30 against the Thursday's closing rates of Rs 133.70 and Rs 134.00, respectively, they said.
The dollar opened at Rs 108.10 (buying) and Rs 108.20 (selling) against the rupee and the greenback closed at Rs 108.10 (buying) and Rs 108.20 (selling).
Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at Rs 130 (buying) and Rs 131.50 (selling).