The rupee witnessed mild fluctuations last week as major market players largely remained on the sidelines. It gained value against the dollar in the open market but lost in the interbank market.
On the interbank market, the rupee started the week by gaining one-paisa for buying and two paisas for selling, as the dollar ended the first trading session at Rs102.76 and at Rs102.78, against the prior week’s close of Rs102.75 and Rs102.76.
The rupee rose by another four paisas in the second trading session, sending the dollar lower at Rs102.72 Rs102.74. However, the greenback regained four paisas in the third trading session to end the day back at Rs102.76 and Rs102.78. The rupee-dollar parity remained unchanged at this level in the fourth trading session.
The rupee ended the week by shedding two paisas, as the dollar closed the last trading session at Rs102.78 and Rs102.80. In the interbank market, the dollar gained three paisas against the rupee last week. It is up a net 28 paisas so far in September.
