The rupee depicted a diverging trend against the dollar in the interbank and open markets last week.
Meanwhile, it continued to rise against the euro, as the single currency dropped against a basket of global currencies, driven by increasing animosity between Greece and its main creditor, Germany.
In the interbank market, the rupee commenced the week by picking up 13 paisas for buying and 12 paisas for selling, as the greenback ended the day at Rs101.67 and Rs101.70 against the prior week’s close of Rs101.80 and Rs101.82.
The dollar depreciated by 10 paisas against the rupee in interbank dealings but appreciated by 40 paisas in the open market last week
However, the rupee dipped seven paisas for buying and six paisas for selling, sending the dollar up at Rs101.74 and Rs101.76 in the second trading session. It shed another four paisas in the third trading session to 101.78 and 101.80.
But the rupee gained two paisas for buying and three paisas for selling in the fourth trading session, sending the dollar down to Rs101.76 and Rs101.77. It rose by a further six paisas for buying and five paisas for selling in the last trading session, as the dollar closed the week at Rs101.70 and Rs101.72.
As a result, the dollar depreciated by 10 paisas in the interbank market last week.
In the open market, the rupee started the week by losing 10 paisas, which sent the dollar up at Rs101.90 and Rs102.10 against the prior week’s close of Rs101.80 and Rs102.00.
The rupee dropped by another 10 paisas in the fourth trading session, as the dollar last changed hand at Rs102.10 and Rs102.30. It posted a further 10-paisa loss in the last trading session, allowing the dollar to close the week up at Rs102.20 and Rs102.40. During the week, the dollar appreciated by 40 paisas in the open market.The rupee shed another 10 paisas for buying and five paisas for selling, as the greenback ended the second trading session at Rs102.00 and Rs102.15. In the third trading session, the rupee remained unchanged for buying but lost five paisas for selling, as the dollar ended the day at Rs102.00 and Rs102.20.
Against the euro, the rupee hit a seven-year high last week, according to independent reports. However, it had started the week by losing 30 paisas, sending the euro up at Rs110.80 and Rs111.05, against the prior week’s close of Rs110.50 and Rs110.75.
But it bounced back in the second trading session, rising 130 paisas to send the euro down to Rs109.50 and Rs109.75. It rose by another 175 paisas in the third trading session, as the single currency ended the day at Rs107.75 and Rs108.00.
However, the euro recovered 50 paisas in the fourth trading session to end the day at Rs108.25 and Rs108.50. But the rupee managed to gain 25 paisas in the last trading session, as the euro closed the week at Rs108.00 and Rs108.25. During the week, the euro depreciated by 250 paisas.