MUMBAI: The rupee remained mostly under pressure versus the dollar in the open market previous week, but posted quick confrontation in the interbank market. However, it continued to post a powerful performance against the euro.
The local currency started the week at the interbank market by losing six paisas for buying and five paisas for selling, which sent the dollar to Rs100.83 and Rs100.85 in the first trading session, against the prior week’s closing level of Rs100.77 and Rs100.80.
It shed another 11 paisas for buying and 13 paisas for selling in the second trading session, as the dollar climbed to Rs100.94 and Rs100.98. However, the rupee managed regain 14 paisas for buying and 13 paisas for selling counter in the third trading session, pushing the dollar slightly down to Rs100.80 and Rs100.83. The rupee-dollar parity remained unchanged at this level in the fourth trading session.
The rupee then picked up six paisas in the last trading session, as the dollar slipped to Rs100.74 and Rs100.77 at the close of the week. During the week, the rupee recorded a net gain of three paisas against the dollar in the interbank market.
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