Appreciation was witnessed in the price of US dollar as demand of greenback rose in the currency exchange market today. The American currency started off new week’s trading at its Friday’s closing rate of Rs.85.45, posted gains amid demand high and was trading at Rs.85.50 at close of markets on Monday. Thus, rupee lost 0.05 paisas versus dollar in the kerb dealings. In the international market on Monday, A statement from US Treasury Department reported that net TIC inflows amounted to 6.7 billion, and net long-term TIC outflows rose to 44.4 billion in June. The data depicted investors rising demand in US treasuries, while shunning short-term US securities, including equities and corporate bonds.

The greenback was changing hands at Rs.85.55 for buying and Rs.85.85 for selling in the interbank dealings today.

Decline in the price of Pound Sterling was seen as the demand of British currency registered downward trend in the forex rate market today. The British currency opened trading at Rs.133.40, shed more grounds and was trading at Rs.132.80 at close of markets. Thus, rupee recovered another 0.60 paisas versus the Pound. In the interbank dealings, Pound Sterling was trading at Rs.133.20 for buying and Rs.133. for selling at close of markets on Monday.

The single currency of Eurozone remained in the negative territory amid decline in its demand on Monday. Thus, rupee recovered 0.80 paisas versus Euro in the kerb dealings. On Monday, the 16-nation currency set off trading at Rs.109.60, incurred losses and was trading at Rs.108.80 at close of markets.  Euro ended the day at Rs. 109.26 for buying and Rs.109.56 for selling in the interbank market on Monday.

Recovery was witnessed in the price of U.A.E Dirham as it went at record low on Friday at Rs.23.06 against rupee. The UAE kicked off trading at Rs.23.06, depicted recovery and was changing hands at Rs.23.27 at close of markets on Monday.