Articles & Finance Updates

Rupee continued to incur losses versus greenback in the forex rate market on Friday amid high demand. The US dollar commenced trading at Rs.85.40 for buying and Rs.85.90 for selling, rose in the currency exchange market amid appreciation in its demand and was changing hands at Rs.85.50 for buying and Rs.86.00 for selling at close of markets. Thus, rupee gave up 0.10 paisas versus dollar.

On Friday, in the interbank market US dollar was being traded at Rs.85.60 for buying and Rs.85.80 for selling at close of markets.

Pound Sterling made comeback and crossed Rs.134/= mark in the currency exchange market against the local currency amid sky high demand. The UK’s currency started off trading at Rs.133.89 for buying and at Rs. 135.47, rose significantly amid demand high and was trading at Rs.134.55 for buying and Rs.135.82 for selling at close of markets on Friday. Thus, rupee lost 0.66 paisas versus the Pound in the forex rate market.

Rupee declined against the greenback amid high demand of US currency in the currency exchange market. The American currency started off trading at Rs.85.30 for buying and Rs.85.80 for selling, scored gains amid appreciation in its demand and was trading at Rs.85.40 for buying and Rs.85.90 for selling at close of markets on Thursday. Thus, rupee shed 0.10 paisas versus US dollar in the forex rate market.

In the international market on Thursday, UK’s currency appreciated 1.2% against greenback after the bank’s previous policy meeting on Nov. 4, when it kept rates and the bond plan unchanged.

Declined in the price of UK currency against rupee was seen in the forex rate market on Thursday. The cable commenced trading at Rs.133.99 for buying and Rs.135.70 for selling, shed grounds amid downward trend in its demand and was changing hands at Rs. 133.89 for buying and at Rs. 135.47 for selling at close of markets.

Rise in dollar’s demand was witnessed in the forex rate market on Wednesday. The greenback was trading at Rs.85.45 for buying and Rs.85.75 for selling as compared to Rs.85.30 for buying and Rs.85.80 for selling at close of markets on Tuesday. Thus, rupee gave up 0.15 paisas versus dollar in the forex rate market.

The British currency suffered losses amid decline in its demand in the currency exchange market on Wednesday. The UK’s currency kicked off trading at Rs.133.99 for buying and Rs.135.70 for selling, incurred losses on the local desk and was being exchanged at Rs.133.70 for buying and Rs.135.20 for selling on Wednesday.

Decline in greenback’s price as its demand depicted negative trend in the currency exchange market on Tuesday. The US currency commenced trading at Rs.85.40 for buying and Rs.85.90 for selling, incurred losses amid decline in its demand and was changing hands at Rs.85.30 for buying and Rs.85.80 for selling at close of markets on Tuesday. Thus, rupee recovered 0.10 paisas versus dollar in the forex rate market.

Downward trend in the demand of US currency was seen in the interbank market as well as the American currency shed 0.05 paisas versus rupee on Tuesday. The US dollar kicked off trading at Rs.85.75 for buying and Rs.85.95 for selling, depicted negative trend and was changing trading at Rs.85.70 for buying and Rs.85.90 for selling at close of markets.