The rupee remained largely under pressure against the dollar in the open market last week, but posted sharp resistance in the interbank market. However, it continued to post a strong 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.

The rupee appreciated by three paisas against the dollar in interbank dealings last week, but depreciated by 30 paisas in the open market

In the open market, the rupee commenced the week by shedding 10 paisas, sending the greenback up at Rs100.80 and Rs101.00, against the prior week’s close of Rs100.70 and Rs100.90. The rupee-dollar parity remained unchanged at this level in the second trading session.

The rupee then regained 10 paisas in the third trading session, sending the dollar back at Rs100.70 and Rs100.90. However, it lost 10 paisas for buying and 20 paisas for selling in the fourth trading session, as the dollar rose to Rs100.80 and Rs101.10.

The local currency shed another 20 paisas for buying and 10 paisas for selling in the last trading session, as the dollar closed the week at Rs101.00 and Rs101.20. During the week, the dollar appreciated by 30 paisas in the open market.

But the rupee fared slightly differently against the euro, which has been battered across the board due to rising political uncertainty in Greece. The rupee started the week by rising a big 125 paisas, sending the single currency down to Rs119.50 and Rs119.75, against the prior week’s close of Rs120.75 and Rs121.00.

However, it dipped 25 paisas in the second trading session, sending the euro slightly up at Rs119.75 and Rs120.00. But the rupee then picked up 75 paisas in the third trading session, sending the euro down to Rs119.00 and Rs119.25.

The rupee gained another 25 paisas in the fourth trading session, as the euro reportedly slipped to a multi-year low of Rs118.75 and Rs119.00. However, the euro managed to regain 50 paisas in the last trading session to close the week at Rs119.25 and Rs119.50. During the week, the rupee appreciated by a net 150 paisas against the single currency.

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