Articles & Finance Updates

Rise in dollar’s demand was seen in the currency exchange market as the greenback registered a gain of 0.10 paisas versus the local currency on Monday. It was the first day of the new week and market opened after one day gap therefore demand was clearly on the rise from the households. The American dollar was trading at Rs.85.40 for buying and Rs.85.90 for selling at close of markets on Monday. However, on Friday the US dollar was being exchanged at Rs.85.30 for buying and Rs.85.80 for selling at close of markets. Thus, rupee ended the day on a negative note versus dollar in the forex rate market.

The American dollar remained motionless versus rupee amid lack of demand of US dollar. The greenback was trading at Rs.85.75 for buying and Rs.85.95 for selling at close of markets on Monday.

Dollar versus Rupee:

Weekly trend:

Rupee made comeback versus US dollar amid decline in dollar’s demand in the forex rate market this week. Throughout the US currency showed mix trend versus rupee. The US dollar started off trading on Monday at Rs.85.50 for buying and Rs.86.00 for selling, due to low demand of US currency, the local currency managed to make comeback. Thus, rupee recovered 0.10 paisas versus US dollar at close of markets on Friday.

US dollar did not show any change amid lack of demand of US currency in the currency exchange market on Fridy. The US dollar started off new day’s trading at Rs.85.30 for buying and Rs.85.80 for selling, due to no demand ended the day at the same price at close of market.

In the interbank market on Friday, the greenback remained in the positive territory against the national currency. The greenback kicked off new day’s trading at Rs. 85.60 for buying and Rs.85.80 for selling, scored gains amid hike in demand and was changing hands at Rs.Rs.85.75 for buying and Rs.85.95 for selling at close of markets on Friday. Thus, rupee shed 0.15 versus dollar in the interbank dealings.

Appreciation was seen in UK currency’s demand in the currency exchange market on Friday. The British currency was trading at Rs.132.00 for buying and Rs.1343.12 for selling at close of markets. Thus, Pound incurred losses versus rupee in the forex rate market.

More recovery was seen in the national currency as dollar’s demand remained low in the currency exchange market today. The greenback was being traded at Rs.85.20 for buying and Rs.85.70 for selling at close of market on Wednesday. This was second consecutive day when rupee managed to recover gains. On Tuesday, the US currency was being exchanged at Rs.85.30 for buying and Rs.85.80 for selling. Thus, the national currency recovered 0.10 paisas against US dollar.

The national currency did not show any change against US dollar amid lack of demand of US currency on Wednesday. The US dollar was trading at Rs.85.60 for buying and Rs.85.80 for selling at close of markets.