THE RUPEE: parity stays put

24 Jul, 2012

Steady trend was seen on the open market on Monday as the rupee maintained its levels versus dollar in process of trading, experts said. The rupee showed no change in terms of dollar for buying and selling at 94.65 and 94.85. The rupee stayed put also versus euro for buying and selling at Rs 114.80 and Rs 115.80, they added.


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Low Rate Rs 94.65
High Rate Rs 94.85
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According to the currency dealers, the dollar resumed trading at its last week closing of Rs 94.60 and Rs 94.85 on buying and selling counters, respectively. The dollar witnessed no change in its buying rate but it was marginally improved to Rs 94.90 on selling side, the dealers said. However, the rupee showed strength and was improved against the pound sterling. The pound's buying and selling rates were declined from last Saturday closing of Rs 147.40 and Rs 147.70 to Rs 146.80 and Rs 147.50, respectively, they added.
The rupee retained its week-end levels against the dollar for buying and selling at Rs 94.25 and Rs 94.35, they added..
Pound Sterling opened at Rs 146 (buying) and Rs 146.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.50 (selling).

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