INTERBANK MAEKET RATES: OPEN MARKET RATES: The rupee fell 20 paisas in relation to the dollar for buying at Rs 133.20 and it also lost 40 paisas for selling at Rs 134.20. The national currency lost Rs 1.40 in terms of the euro for buying and selling at Rs 152.40 and Rs 154.40, they said.
In the beginning sessions of the week, the dollar started showing it's muscles against the rupee on the money market but it failed to maintain it's surge due to increase in demand. Dearth of dollars created short supply which caused decline in the value of the rupee, marketmen said. If, the dollar's flow not improves, rupee may come under pressure in the coming days, they said.
INTER-BANK MARKET RATES: On Monday, the rupee lost about Rs 1.10 versus the dollar for buying and selling at Rs 133.00 and Rs 133.80. On Tuesday, the rupee extended overnight losses versus the dollar for buying at Rs 133.80 and it also shed 10 paisas for selling at Rs 133.90. On Wednesday, the rupee managed to pick up slightly versus the dollar for buying at Rs 133.75 and it rose by three paisas for selling at Rs 133.78.
On Thursday, the rupee gained modestly versus the dollar for buying and selling at Rs 133.65 and Rs 133.70. On Friday, the rupee gave up five paisas in terms of the dollar for buying and selling at Rs 133.73 and Rs 133.75.
OPEN MARKET RATES: On Oct 15, the rupee fell by 70 paisas in relation to the dollar for buying at Rs 132.50, it, also dropped Re one for selling Rs 133.30. The national currency also shed Re one in terms of the euro for buying and selling at Rs 149.50 and Rs 153.00.
On Oct 16, the rupee fell by 50 paisas in relation to the dollar for buying at Rs 133.00, it, however, gained 20 paisas for selling Rs 133.50. The national currency also lost Rs 2.50 in terms of the euro for buying and selling at Rs 152.00 and Rs 154.50. On Oct 17, the rupee was unchanged in relation to the dollar for buying at Rs 133.00, it, however, lost 50 paisas for selling Rs 134.00. The national currency was inert in terms of the euro for buying at Rs 152.00 while, it dropped by 50 paisas for selling at and Rs 155.00.
On Oct 18, the rupee failed to maintain overnight firmness in relation to the dollar for buying and selling at Rs 133.20 and Rs 134.20. The national currency was available in terms of the euro for buying and selling at Rs 152.00 and Rs 154.25.
On Oct 19, the rupee gained 50 paisas against the dollar for buying and selling at Rs 132.70 and Rs 133.70. On Oct 20, the rupee lost 50 paisas in relation to the dollar, recovering 50 paisas for buying and selling at Rs 133.20 and Rs 134.20. The national currency, however, lost 90 paisas in terms of the euro for buying and selling at Rs 152.40 and Rs 154.40.
OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trade, the dollar firmed against the pound and euro on Monday as British efforts to secure a Brexit deal ahead of a key European Union summit kept global investors' preference to safe haven currencies.
The euro traded around 0.1 percent lower at 1.1549 on Monday, while the sterling lost 0.34 percent to 1.3109 after hitting an October high of 1.3258 on Friday.
The dollar index, a gauge of its value against six major peers, was up 0.1 percent at 95.31. The problem of Britain's land border with Ireland has thwarted a drive to clinch a Brexit deal, as negotiators over the weekend admitted defeat after marathon talks and pressed pause for the coming days.
The pound is also under pressure after former British foreign minister Boris Johnson's comments in a newspaper column on Sunday that Britain must stand up to bullies in the European Union and press for a "super Canada" deal.
The dollar was trading against the Indian rupee at Rs 73.560, the greenback was at 4.157 in terms of the Malaysian ringgit and the US currency was at 6.921 versus the Chinese yuan.
In the second Asian trade, the dollar edged up on Tuesday after it was dented by weak US retail sales data overnight, while New Zealand's currency gained on the back of stronger than expected inflation data.
The dollar index, a gauge of its value against six major peers, traded steady at 95.143, gaining 0.09 percent on Tuesday, but off an intraday high of 95.37 on Monday prior to release of the retail sales data. That data suggested consumers were reluctant to spend, and came as US bond yields cooled off from its seven-year high last week.
The benchmark US 10 year yields consolidated at 3.16 percent on Tuesday, having hit a seven-year high of 3.26 percent on Oct. 9. To some analysts, the dollar has not been moving like a safe-haven currency at present.
The dollar was available against the Indian rupee at Rs 73.895, the greenback was at 4.153 in terms of the Malaysian ringgit and the US currency was at 6.925 in relation to the Chinese yuan.
In the second Asian trade, the dollar strengthened against most major peers on Wednesday, while the yen weakened as upbeat Wall Street earnings reduced global appetites for safe haven assets.
The three main Wall Street indexes each rose by more than 2 percent as blue-chips delivered strong earnings indicating that the US economic recovery is on track despite rising interest rates and global trade war tensions. Data on Tuesday showed that US industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter.
The dollar index, a gauge of its value against six major peers, rose 0.14 percent to quote at 95.18 on Wednesday. The greenback was trading at 112.34 yen, a gain of 0.07 percent against the Japanese currency. The dollar was trading against the Indian rupee at Rs 73.540, the greenback at 4.152 in terms of the Malaysian ringgit and the US dollar available at 6.923 in relation to the Chinese yuan.
In the fourth Asian trade, the dollar was firmer against its major peers on Thursday after minutes from the US Federal Reserve's September meeting affirmed expectations that the central bank is likely to continue raising interest rates this year.
The minutes from the Fed's Sept. 25-26 meeting showed every Fed policymaker backed raising interest rates and also generally agreed borrowing costs were set to rise further, despite US President Donald Trump's view that the tightening have already gone too far.
Interest rate futures are now pricing in 83 percent likelihood that the Fed raises rates in December, according to the CME Group's FedWatch Tool, the fourth hike this year. Two more increases are expected next year. The dollar index, which measures its value against six major peers, traded at 95.65, up 0.08 percent on Thursday.
The dollar was trading against the Malaysian ringgit at 4.154 and the US currency was at 6.936 versus the Chinese yuan. In the final US trade, the euro and British pound rallied against the US dollar on Friday after Bloomberg News reported that British Prime Minister Theresa May is ready to drop a key Brexit demand in order to make a deal for Britain to leave the European Union (EU).
May is willing to drop a requirement on the issue of the Irish border, which has impeded the two parties coming to an agreement, Bloomberg reported, citing anonymous sources.
EU negotiator Michel Barnier earlier said that a Brexit deal was 90 percent done, but warned that failure to resolve the Irish border question could derail any agreement. The euro and sterling have been burdened this week by delays in the two parties reaching an exit deal. The single currency gained to $1.1512, after earlier falling to $1.1433, the lowest since Oct. 9. It is down from $1.1621 on Tuesday. The euro has good technical support at $1.1422-$1.1432, Citigroup analysts said. Sterling rose to $1.3067, after earlier probing a two-week low of $1.3009.