Articles & Finance Updates

No change was seen in the price of US dollar against rupee amid lack of demand of greenback. The US dollar kicked off new day’s trading at Rs.84.80 for buying and Rs.85.30 for selling, remained motionless and ended the day at the same price at close of markets on Tuesday. Thus, rupee ended the day on a positive note versus dollar in the forex rates market.

Decline was seen in the price of US dollar versus rupee amid downward trend in dollar’s demand in the interbank dealings. The American currency commenced trading at Rs. 85.50 for buying and Rs.85.70 for selling, gave up grounds and was trading at Rs.85.35 for buying and Rs.85.55 for selling on Tuesday.

After remaining closed 5 days, market opened on Monday. Moreover, US dollar went up amid rise in its demand in the currency exchange market today. The US currency commenced trading at Rs.84.50 for buying and Rs.85.00 for selling, soared as demand was high as market remained closed due to Eid Al Adha holidays and was trading at Rs.84.80 for buying and Rs.85.30 for selling at close of markets on Monday. Thus, rupee shed 0.30 paisas against greenback in the forex rate market.

The American currency remained unchanged versus rupee amid lack of demand of US dollar in the currency exchange market on Tuesday. The American currency commenced new day’s trading at Rs.84.50 for buying and Rs.85.00 for selling and ended the day at the same price at close of markets. Thus, rupee ended the day on a positive versus greenback in the forex rate market.

Rupee recovered versus dollar in the interbank market today amid lower demand of US currency. The US dollar was trading at Rs.85.30 for buying and Rs.85.50 for selling at close of markets.

US dollar incurred more losses gains versus the national currency as demand of greenback declined significantly in the currency exchange market. The US dollar was trading at Rs.84.50 for buying and Rs.85.00 for selling at close of markets on Monday. However, on Friday the local currency was changing hands at Rs.85.05 for buying and Rs.85.45 for selling. Overall, rupee remained in the positive territory against the US currency in the forex rate market.

In the interbank dealings today, US dollar was trading at Rs.85.40 for buying and Rs.85.60 for selling at close of markets on Monday.