The rupee managed to post gains against the dollar and the euro in the local currency market last week, overcoming jitters in global stock and commodity markets.
Nonetheless, a slowdown in trading activities was witnessed mid-week as the country reeled from the murderous assault on schoolchildren in Peshawar on December 16.
The rupee commenced the week on the interbank market with a gain of 27 paisas for buying and 29 paisas for selling, sending the dollar lower to Rs100.33 and Rs100.36 in the first trading session, from the prior week’s close of Rs100.60 and Rs100.65.
The rupee performed similarly in the open market, picking up 60 paisas to send the dollar down to Rs100.60 and Rs100.80 in the first trading session, from the prior week’s close of Rs101.20 and Rs101.40. .00.
However, in the last trading session, the rupee lost 10 paisas for buying and nine paisas for selling in the interbank market, as the dollar closed the week at Rs100.54 and Rs100.56.
