Written by Ayaz Ali Messam Thursday, 29 July 2010 19:52
Decline was recorded in the price of rupee amid American currency’s demand remained low on Thursday. The American currency started off new day’s trading at Rs.85.70, posted gains and was changing hands at Rs.85.80 at close of markets. Thus, rupee lost 0.10 paisas versus greenback.
Rupee also lost 0.05 paisa which it had recovered yesterday amid rising demand of US dollar. The greenback was trading at Rs.85.50 for buying and Rs.85.70 for selling at close of markets.
The cable rose significantly as it touched Rs.133/= mark versus rupee in the currency exchange market today amid huge increase in demand. The British currency commenced trading at Rs.131.80, posted major gains amid demand high and was trading at Rs.133.30 on Thursday. Thus, rupee lost Rs.1.30 versus Pound Sterling.
The cable in the interbank was trading at Rs.133.40 for buying and Rs.133.65 for selling at close of markets.
Rs.111/= mark touched by the single currency in the forex rate market on Thursday. The 16-nation currency set off new day’s trading at Rs.110.30, posted more gains and was trading at Rs.111.00 at close of markets on Thursday. Thus, rupee lost 0.70 paisas versus euro in the forex market.
In the interbank dealings today, euro ended at Rs.111.17 for buying and Rs. 111.39 for selling on Thursday.
Recovery made by Emirates’ currency as its demand shown some rising trend today. The UAE dirham opened new day’s trading at Rs.23.25 appreciated in its value due to demand and was changing hands at Rs.23.30 on Thursday.


