Upbeat economic data released last week helped the rupee hold firm against the dollar and the euro in the local currency market.
Nonetheless, the rupee started the week against the dollar on the interbank market with losses of 10-paisa on the buying counter and 11-paisa on the selling counter, as the greenback ended the first trading session at Rs105.00 and Rs105.02, against the prior weekâs close of Rs104.90 and Rs104.92.
The rupee shed another eight-paisa in the second trading session, as the dollar ended the day at Rs105.08 and Rs105.10.
But the local currency rebounded in the third trading session on reportedly higher dollar supplies, picking up at 11-paisa on the buying counter and 13-paisa on the selling counter and sending the greenback lower to Rs104.95 and Rs104.97.
The rupee then traded flat on the buying counter but lost three-paisa on the selling counter in the fourth trading session, as the dollar last changed hands at Rs104.95 and Rs105.00.
The rupee ended the last trading session with gains of seven-paisa on the buying counter and 10-paisa gain on the selling counter, as the dollar closed the week at reportedly a 26-week low of Rs104.88 and Rs104.90.
On the interbank market, the dollar was down 0.02 per cent against the rupee last week, and 0.6 per cent for the month of February.
In the open market, the dollar traded fairly flat against the rupee in all five trading sessions at Rs105.30 and Rs105.50. The parity has not shown any change since February 17.
On a monthly basis, the rupee appreciated by 0.33 per cent against the dollar in the open market.
The rupee depicted mixed sentiments against the euro last week. It commenced the week with a 30-paisa loss in the first trading session, as the common currency ended the first trading session at Rs145.25 and Rs145.50, against the preceding weekâs close of Rs145.10 and Rs145.35.
However, the rupee posted gains in the next three trading sessions. It picked up 45-paisa as the euro slipped to Rs144.80 and Rs145.05 in the second trading session, and then posted a further 20-paisa gain in the third trading session, pushing the euro lower to Rs144.60 and Rs144.85.
In the fourth trading session, the rupee posted a big gain of 80-paisa in intraday trade, sending the common currency further lower to Rs143.80 and Rs144.05.
However, the rupee shed 45-paisa in the last trading session, as the euro closed the week at Rs144.25 and Rs144.50. The rupee recorded a net gain of 85-paisa against the euro last week. In February, the local currency appreciated by around 0.2 per cent against the euro.
