The rupee managed to resist further decline against the dollar on the money market on Friday in process of trading, currency experts said. The rupee was unchanged versus the dollar for buying and selling at Rs 110.57 and Rs 110.58 respectively, they said.
The dollar edged up 0.1 percent to 106.850 yen. It had dropped nearly 1 percent overnight as US Treasury yields retreated from four-year peaks.
The dollar was available against the Indian rupee at Rs 64.840, the greenback was at 3.908 in terms of the Malaysian ringgit and the US currency was trading against Chinese yuan at 6.34.
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Open Bid Rs.111.90
Open Offer Rs.112.20
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Bid Rate Rs.110.57
Offer Rate Rs.110.58
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The US dollar resumed trading on its overnight closing of Rs 112.00 and Rs 112.30 as its buying and selling rates, respectively. At the close, no change in its value took place for buying and selling as it sustained its opening trend till close of trading, local currency dealers said.
The national currency, however, failed to hold its strength as it registered a considerable decline in terms of trading against the pound sterling. Resultantly, the pound's buying and selling rates rose from Thursday's closing of Rs 153.85 and Rs 155.00 to Rs 155.20 and Rs 156.00 respectively, they added.
The dollar opened at Rs 111.45 (buying) and Rs 111.55 (selling). It closed at Rs.111.45 (buying) and Rs111.55 (selling).