The rupee gave a mixed performance against the dollar last week. It fell in the first couple of trading sessions before regaining some lost value later on.
At the interbank market, the rupee started the week by losing two paisas, sending the greenback up at Rs101.90 and Rs101.92 against the prior week’s close of Rs101.88 and Rs101.90.
It shed a further three paisas for buying and two paisas for selling in the second trading session, as the dollar ended the day at Rs101.93 and Rs101.94. The local currency dipped by another one-paisa, sending the dollar up at Rs101.94 and Rs101.95 in the third trading session.
The rupee appreciated by around three paisas against the dollar in interbank dealings but depreciated by 30 paisas in the open market last week
However, the rupee managed to regain nine paisas for buying and seven paisas for selling in the fourth trading session, sending the dollar lower to Rs101.85 and Rs101.88. The rupee-dollar parity then remained unchanged at this level in the week’s final trading session.
As a result, the rupee appreciated by a marginal three paisas for buying and two paisas for selling in the interbank market last week.
In the open market, the rupee commenced the week by losing 20 paisas in the first trading session, sending the dollar up at Rs102.20 and Rs102.40, against the prior week’s close of Rs102.00 and Rs102.20.
The rupee weakened further in the second trading session, dropping 10 paisas to allow the greenback to rise to Rs102.30 and Rs102.50. The rupee-dollar parity then remained unchanged at this level in the remaining trading sessions of the week. As a result, the rupee depreciated by 30 paisas in the open market last week.
Meanwhile, the local currency was also down 1.86pc against the dollar in the calendar year’s first quarter, according to independent reports.
The rupee also displayed a seesaw movement against the euro last week. It started the week by rising 35 paisas in the first trading session, sending the single currency down to Rs110.40 and Rs110.65, against the prior week’s close of Rs110.75 and Rs111.00.
The rupee extended its firmness into the second trading session as it gained 90 paisas, sending the euro down to Rs109.50 and Rs109.75.
However, the rupee failed to sustain its rising trend and shed 10 paisas in the third trading session, allowing the euro to rise to Rs109.60 and Rs109.85. The local currency lost a further 60 paisas in the fourth trading session, as the euro ended the day up at Rs110.20 and Rs110.45.
The rupee continued its losing streak week in the fifth trading session as it recorded a decline of 80 paisas, allowing the single currency to close the week at Rs111.00 and Rs111.25.
As a result, the euro appreciated 25 paisas against the rupee last week.
