The rupee displayed a strong performance against the dollar last week, aided in part by the increase in foreign exchange reserves following the $1.2bn HBL transaction. However, the local currency lost value against the euro.
During the week, the dollar depreciated by 36 paisas for buying and 33 paisas for selling in the interbank market.
In the open market, the rupee displayed a largely stable performance against the dollar last week. It remained unchanged from the prior week’s closing level of Rs102.40 and Rs102.60 in the first two trading sessions of the week.
