Comeback was seen in the price of rupee versus greenback amid declining demand of US dollar in the currency exchange market today. The greenback opened new day’s trading at Rs.85.50, shed grounds amid low demand and was changing hands at Rs.85.45 at close of markets on Tuesday, Thus, rupee recovered 0.05 paisas versus dollar. In the international market, the American dollar incurred a two-day loss versus the common currency of Eurozone before reports from US on Wednesday that may depict manufacturing in the Philadelphia region expanded and initial jobless claims fell. The US dollar stood strong to $1.2842 per euro from $1.2885.

In the interbank dealings on Tuesday, the American greenback was trading at Rs. 85.60 for buying and Rs.85.80 for selling. However as compared to Tuesday, the greenback was changing hands at Rs.85.55 for buying and Rs.85.85 for selling in the interbank dealings on Monday.

Recovery was seen in the price of the cable as its demand remained sky-high in the forex rate market on Tuesday. The cable was trading at Rs.133.20 at close of markets on Tuesday as it ended the day at Rs.132.80 on Monday. Thus, Pound Sterling registered a gain of 0.40 paisas versus rupee.

The British currency reported major gains versus rupee in the interbank dealings today. Pound Sterling was changing hands at Rs.134.04 for buying and Rs.134.40 for selling. However, Pound Sterling was trading at Rs.133.20 for buying and Rs.133. for selling at close of markets on Monday.

Euro showed robustperformance in the local exchange rate market versus the national currency on Tuesday as the single currency’s demand remained high. The common currency of Eurozone set off new day’s trading at Rs.108.80, posted gains on the local desk and ended the day at Rs.109.20. Thus, rupee lost 0.40 paisas versus Euro in the kerb dealings.

In the interbank market today, Euro traded at Rs. 109.86 for buying and Rs. 110.13 for selling at close of markets on Tuesday. However, yesterday euro ended the day at Rs. 109.26 for buying and Rs.109.56 for selling in the interbank market.

Downward trend was observed in the price of UAE Dirham in the local currency exchange market.  The UAE currency started off trading at Rs.23.17 incurred losses and was trading at Rs.23.17 at close of markets. Thus, rupee recovered 0.10 paisas versus Dirham in the kerb.