A kind of firmness prevailed on the money market on Friday as the rupee held the overnight levels in process of trading, currency experts said. The rupee moved slightly in relation to the dollar for buying and selling at Rs 110.55 and Rs 110.56, they said.
The euro was up 0.2 percent at $1.2531 after reaching a three-year top of $1.2545 and poised to gain 2.2 percent this week.
The dollar was little changed at 106.070 yen after slipping to 106.020, its lowest in 15 months. It was on track for a weekly loss of 2.5 percent.
The rupee continued slide against the euro, losing more 25 paisas for buying and selling at Rs 138.00 and Rs 139.50, they added.
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Open Bid Rs.111.20
Open Offer Rs.111.50
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Bid Rate Rs.110.55
Offer Rate Rs.110.56
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According to currency dealers, the greenback commenced trading on a positive note following surge in its demand.
As a result, the dollar rate improved to Rs 111.25 and Rs 111.60 for buying and selling, respectively, as compared to the overnight closing rate of Rs 111.20 and Rs 111.55 respectively, they added.
Likewise, the British pound improved its worth against the local currency. The pound's buying and selling rates improved from Thursday's closing rate of Rs 154.50 and Rs 155.20 to Rs 155.20 and Rs 156.30 respectively, the dealers said.
The dollar opened at Rs 111.65 (buying) and Rs 111.75 (selling) against last rate of Rs 111.75 (buying) and Rs 111.85 (selling). It closed at Rs 111.65 (buying) and Rs 111.75 (selling) in relation to the dollar.