The rupee maintained overnight levels versus the dollar on the money market on Saturday in the process of trading, marketmen said. The rupee held the overnight levels in terms of the dollar for buying and selling at Rs 159.50 and Rs 161.00 respectively, they said. The rupee fell in relation to the euro for buying and selling at Rs 179.00 and Rs 182.00 respectively, they said.
June data at 1000 GMT is expected to show monthly euro zone inflation of 1.2% -- well short of the ECB's target of just under 2%. Policymakers have promised more stimulus if needed but some investors are sceptical.
In comparison, policy interest rates in Europe are already in negative territory and Europe's most widely watched measure of inflation expectations -- the five-year, five-year forward rate -- has started declining again. Against the dollar, the single currency edged 0.1 percent higher at $1.1384. On a monthly basis, the single currency was set to weaken 1.6%, its biggest monthly rise.
The dollar index, which measures the US currency against six of its peers, was at 96.217, unchanged on the week.

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Open Bid       Rs.159.50
Open Offer     Rs.161.00
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