Dollar, euro up with pound available for record high Rs223.12

By: News Desk      Published: 05:39 PM, 19 Aug, 2020
Dollar, euro up with pound available for record high Rs223.12

The rupee continues facing the consequences of liberalisation as it depreciated further against the world’s top three currencies, reported 24NewsHD TV channel on Wednesday.

In the inter-bank exchange rate, the US dollar was up by seven paisas and closed the session at Rs168.26 which is just 12 paisas short of the highest value ever recorded.

Similarly, the euro closed the day at Rs200.98 after gaining 93 paisas while the pound sterling was available for Rs223.12 with a gain of Rs1.91. It means the pound shattered all the previous records against the local currency.

On the other hand, the value of both dollar and euro remained unchanged in the open market as these were traded for Rs168.50 and Rs200.50 respectively. However, the pound was bullish in the open market as well where it was up by Rs2 and traded for Rs224.   

Before the three-day-long break due to Independence Day combined with the weekend, the dollar was available for Rs167.93 in the inter-bank rate and for Rs168.40 in the open market.

The euro, on the other hand, was traded at Rs198.67 in inter-bank trading and Rs199 in the open market with the corresponding values of the pound recorded at Rs219.68 and 221 respectively. It means both euro and pound having been continuing with the trend of making huge gains against the rupee.