After posting strong gains in the past couple of weeks, the rupee lost value against both the dollar and the euro last week.
The local currency commencing the week at the interbank market by shedding seven paisas for buying and eight paisas for selling counter, as the dollar ended the first trading session at Rs101.72 and Rs101.75, against the prior week’s close of Rs101.65 and Rs101.67.
During the week, the dollar appreciated by 22 paisas for buying and 23 paisas for selling in the interbank market. However, the rupee was up a net 1.01pc in November.
In the open market, the rupee started the week with a sharp loss of 40 paisas, sending the dollar up at Rs102.60 and Rs102.80, against the prior week’s closing level of Rs102.20 and Rs102.40. The rupee-dollar parity remained unchanged in the second trading session.
