Dollar sheds five paisas, available for Rs166.58

By: News Desk      Published: 11:45 AM, 22 Jun, 2020
Dollar sheds five paisas, available for Rs166.58

Unlike the past two weeks, the US dollar started Monday on a negative note as it lost five paisas against the rupee and closed the session at Rs166.58 in inter-bank rate after being down by 33 paisas during early trading, reported 24NewsHD TV channel.

In the past week, the dollar had gained Rs2.41 against the local currency by closing at Rs166.63 on Friday. It reached the level of Rs167.20 in open market.

On the other hand, the euro was down by 16 paisas in inter-bank rate and by Rs0.50 in open market, closing at Rs186.80 and Rs186 respectively.

Meanwhile, the pound sterling in inter-bank rate closed the Friday session at Rs207.26 after losing Rs 1 against the local currency, while there was no change in open market with the price maintained at Rs209.

On June 5, the dollar had reached the level of Rs163.30 while it currently stands at Rs166.30, representing a gain of Rs3 against the local currency.

Similarly, the dollar was available for Rs167.20 in open market on Friday, which means it is up by Rs3.70 when compared with the value recorded on June 5.

If we have a look at the pound and the euro since June 5, the two currencies were available at Rs206.70 and Rs185.45 respectively in inter-bank trading. And in open market, the pound was traded at Rs205 and the euro at Rs182.50.

Since then, the pound is up by Rs0.54 in inter-bank trading and by Rs4 in open market. Similarly, the euro has moved upwards with a gain of Rs1.35 in inter-bank rate and of Rs3.50 in open market.