WEEKLY REVIEW

Rupee in a Flash......

Updated On October 18th -25th, 2008

This article reveals in a flash for you, the currency trading trend for the Rupee against the top most traded currencies at close of the markets as on Saturday October18th, 2008

RUPEE/US DOLLAR

The US dollar traded all time high versus the national currency in the kerb this week amid demand of the US currency remained significantly high. The American currency kicked at Rs.79/80, continued to trade on high note and was changing hands at Rs.85/00 at 11:42AM local time on Saturday. Thus, rupee ended another week on a negative note versus dollar in the kerb dealings.

RUPEE/POUND STERLING

The cable recorded more gains against rupee in the open market dealings this week. Pound Sterling set off new week’s trading at Rs.140/00, registered more gains and was changing hands at Rs.147/20 at 11:42AM local time on Saturday. Thus, rupee lost Rs.7/20 versus the British Pound.

RUPEE/EURO

Euro soared significantly versus rupee in the kerb this week. The single currency commenced new week’s trading at Rs.109/30, posted more gains and was trading at Rs.1114/00 at 11:42AM local time on Saturday. Thus, rupee gave up hefty grounds versus Euro in the kerb.