The US currency gave up grounds amid decline in its demand in the currency exchange market today. The American dollar was trading at Rs.85.65 on Tuesday as compared to Rs.85.80 yesterday. Thus, rupee recovered 0.15 paisa that it had lost yesterday versus greenback. On the international desk, The American currency increased versus major counterparts before a statement from Fed Reserve that will give signal whether economy needs more stimulus measures. The greenback appreciated 1% to dollar 1.3098 per single currency in London.  The US dollar gave up to $1.3334 on Aug. 6, and since May 3 it was the weakest level.

In the interbank dealings today, the US currency was trading at Rs.85.60 for buying and Rs. 85.80 for selling at close of markets on Tuesday.

The cable shed grounds versus the national currency amid significant drop in its demand on Tuesday. The British currency opened new day’s trading at Rs.136.00, shed grounds and was changing hands at Rs.135.30 at close of markets. Thus, rupee recovered a hefty 0.70 paisas versus the Pound. In the global markets today, the British currency was lower versus most of its counter-parts after a housing market report from UK depicted the drop in prices  in a year in July.

On the interbank desk, Pound Sterling was trading at Rs.135.25 for buying and Rs.135.60 for selling on Tuesday.

Euro remained in the negative territory against rupee in the local Exchange rate market. The 16-nation common currency started off new day’s trading at Rs.112.80, gave up major gains and traded at Rs.112.30 at close of markets. Thus, rupee recovered 0.50 paisas versus Euro.

Euro was changing hands at Rs. 112.51 for buying and Rs. 112.79 for selling in the interbank dealings.

The UAE Dirham shed mere grounds amid decline in its demand in the local currency market. The UAE opened trading at Rs.22.23, shed mere grounds and was trading at Rs.23.22 at close of markets.