The US dollar could not sustain the position and thus gave up 0.10 paisas that it had posted yesterday. The US dollar was trading at Rs.85.75 as compiared to yesterday’s rate of Rs.85.85. Thus, rupee recovered 0.10 paisas versus dollar in the kerb dealings.  On the global desk, commodities were weaker with crude oil retreating from a three month high to $81.95 per barrel. The dollar index was unchanged holding just above 80.60 at 11am in London.

 

Pound Sterling gave up grounds as its demand declined in the forex rate market on Wednesday. The British currency set off new day’s trading at Rs.133.90, shed grounds and was trading at Rs.133.80 at close of markets. Thus, rupee recovered 0.10 paisas versus Pound. Overall, Pound Sterling being traded on a positive note throughout week.

The single currency remained in the negative territory against rupee in the kerb dealings. Euro kicked off new day’s trading at Rs.111.50, shed significant grounds and was changing hands at Rs.111.40 at close of markets. In the global market, the single currency of Eurozone was softer early in the session after testing the 1.3260 resistance level yesterday. Moreover, weaker than expected German and Eurozone services PMI data was offset by stronger retail sales figures.

The UAE Dirham shed major grounds that it had gained yesterday versus rupee . The Dirham shed 0.10 paisas versus the national currency amid decline in its demand and was trading at Rs.23.26 at close of markets on Wednesday. Thus, rupee recovered 0.10 paisas versus Dirham.