The dollar slipped in the local currency market last week as the country received forex inflows from the Sukuk, in addition to continuously rising home remittances.
According to independent reports, so far this year, the rupee has appreciated by 6.7pc against the dollar in the interbank market and by 5.9pc in the open market. The local currency is also up 17pc against the euro this year.
On the interbank market, the rupee started the week with a gain of 28 paisas for buying and 26 paisas for selling, sending the dollar down to Rs101.07 and Rs101.12 in the first trading session, against the prior week’s close of Rs101.35 and Rs101.38.
Whereas, in the last trading session,the greenback closed the week at Rs100.60 and Rs100.65.
The dollar depreciated by 75 paisas for buying and 73 paisas for selling in the interbank market last week.
In the open market, the rupee remained largely static against the dollar.
In the fourth trading session, the rupee picked up 10 paisas, as the dollar slipped to Rs101.20 and Rs101.40. The rupee-dollar parity remained unchanged at this level in the last trading session, with the greenback losing 10 paisas in the week.
