The rupee maintained rising trend against the dollar on the money market on Saturday in the process of trading activity, dealers said.
The rupee also appreciated sharply against the euro for buying and selling at Rs 174.50 and Rs 176.50 respectively, they said.
In the final US trade, the dollar fell broadly on Friday as news of slower US employment growth in July and heightened US-China trade tensions fuelled expectations that the Federal Reserve would cut interest rates again in September.
Non-farm payrolls increased by 164,000 jobs in July, fewer than the month prior, and wages increased modestly, the Labour Department said. The report came a day after US President Donald Trump announced an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, leading financial markets to almost fully price in a September rate cut.
The dollar fell 0.76% against the Japanese yen to its lowest since Jan. 3, last at 106.50. Versus the euro it was 0.22% weaker at $1.1109. The Swiss franc, which like the yen serves as a safe-haven investment in times of market volatility, was 0.83% stronger to 0.9818 franc per dollar.
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