In the interbank market, the rupee picked up six paisa in terms of dollar for buying and selling at Rs 57.41 and Rs 57.43, respectively.
It gained three paisa versus the dollar in the kerb market for buying and selling at Rs 57.42 and Rs 57.47, respectively, while it lost 50 paisa in relation to the euro for buying and selling at Rs 72.00 and Rs 57.30.
The rupee came under heavy pressure due to corporate demand last week, experts said. They were of the opinion that at the start of the New Year, the rupee would depict mixed trend versus the leading currencies.
Some analysts hope that after the passage of 17th Amendment and emergence of positive developments in the country may bring more stability on the economic front.
Last week, President Musharraf thanked the MMA and ruling coalition for giving the vote of confidence, and pledged not to dismiss parliament. He also asked the opponents to give up negative role and look ahead with positive thinking and constructive performances.
A sign of improvement in relation between Pakistan and India might be a chief factor in positive developments of the country.
Analysts expect that the Pakistan's stock exchange is the best performing market in the world, expectedly maintain its supremacy in the near future.
Experts said that country's foreign exchange reserves position is comparatively better as they crossed the mark of 12 billion dollars.
Feature of the week was euro's unprecedented performance after breaking a barrier of Rs 72 in terms of the rupee, experts said, adding it may sustain its firmness versus the world currencies.
They said that fluctuations in the value of the rupee would depend on how the dollar moves globally, analysts said.
Commenting on the regional currencies' trend, experts said last week, the Indian rupee made handsome recovery, but some times, it surrendered some of them on suspected intervention by the Reserve Bank of India.
But, sentiment was bullish as foreign investments were expected to remain strong in a rapidly expanding economy. The Indian rupee is trading around Rs 45.60 per dollar.
INTERBANK RATES: On Monday, the year-end payments dragged the rupee's value down versus the dollar, as it touched the resistance mark of Rs 57.50. So, the rupee-dollar parity rates quoted at Rs 57.48 and Rs 57.50.
On Tuesday, the rupee recovered three paisa in terms of the greenback for buying and selling at Rs 57.46 and Rs 57.48, respectively. At one point, market men said the rupee touched the season low level at Rs 57.52 due to increased dollar demand in the interbank market, but the rates will come down in the coming days.
On Wednesday, it gained about eight paisa versus the dollar for buying and selling at Rs 57.38 and Rs 57.40, respectively. On Thursday, the rupee-dollar parity rates were not issued as all the banks remained closed due to bank holiday.
On Friday, the rupee-dollar parity rates did not fluctuate sharply, and quoted at Rs 57.39 and Rs 57.41 amid balanced demand and supply of dollars.
On Saturday, the rupee shed two paisa in relation to the dollar for buying and selling at Rs 57.41 and Rs 57.43, market men said, adding it extended its fall, shedding two paisa for buying and selling at Rs 57.41 and Rs 57.43.
KERB MARKET RATES: On December 29, the rupee did not show any major change versus the dollar for buying and selling at Rs 57.45 and Rs 57.50, respectively. It, however, lost 25 paisa in relation to the euro for buying and selling at Rs 71.47 and Rs 71.78, respectively.
On December 30, rising trend prevailed as the rupee picked up five paisa versus the dollar for buying and selling at Rs 57.40 and Rs 57.45, respectively. Versus the euro, the rupee, however, lost 15 paisa more for buying and selling at Rs 71.62 and Rs 71.92 due to the single European currency's surge in the world markets, dealers said.
On December 31, the rupee picked up five paisa in relation to the dollar for buying and selling at Rs 57.35 and Rs 57.40. It, however, lost nearly 50 paisa versus the euro at Rs 72.10 and Rs 72.40 after breaking the barrier of Rs 72.
On January 1, the rupee picked up 10 paisa against the dollar in the kerb market for buying and selling at Rs 57.25 and Rs 57.35, respectively. It, however, shed 15 paisa versus the euro for buying and selling at Rs 71.95 and Rs 72.25 amid thin business.
On January 2, the rupee gave up its overnight gains, losing 10 paisa versus the dollar for buying and selling at Rs 57.35 and Rs 57.40, respectively. On June 3, it continued its weakness, losing seven paisa further for buying and selling at Rs 57.42 and Rs 57.47, respectively.
The single European currency shed 10 paisa versus the rupee for buying and selling at Rs 72.00 and Rs 72.30.