RUPEE DOLLAR: Slack demand and easy supply of dollars dominated the market this week and no major charge in the exchange price came forward. The buyers remained sidelines, which gave rise to dull trading session and therefore no significant movement was recorded.
The greenback started current weekar a price level of Rs 59/53 and on the final day, was changing hands at Rs 59/50. The 0.03 paisa gain was observed on Tuesday and since Then, the market stood unruffled without showing any change.
RUPEE/EURO: Just opposite to the trading trend of Dollar, Euro ended as a smart performer against rupee this week. The currency demonstrated active movement on the trading desks and managed to make hefly grounds at close. Euro which was all set to march higher on the desks since the start of fresh week proceeded in the very same direction and improved its overall standing by standing by Rs 1.15 on Saturday.
The currency followed its international market trend where it exploited resurfacing trade deficit worries in the US and a report on German industrial production, showing a 3.1% rise in January.
RUPEE/POUND STERLING: Sterling's trend was also similar to that of euro and the currency showed swift gains against rupee in most sessi9ons of this week. Sterling started the week on a positive note and continued with the same trend amid its increased demand and its rise in the international market against the greenback.
Sterling started at Rs114/00 and went up to Rs 114/15 showing an overall gain of 0/15 paisa at weekend. At one stage the currency traded at Rs 114/40 but then lost some of its shine towards the close of markets on Saturday.