Rupee loses 20 percent versus dollar in fiscal year 2018

The rupee lost over Rs 20.40 or 20 percent against the dollar in outgoing Fiscal Year of 2017-18.
OPEN MARKET RATES: The rupee gained 20 paisas in terms of the dollar for buying and selling at Rs 124.00 and Rs 124.50. The rupee also picked up 75 paisas against the euro for buying and selling at Rs 142.50 and Rs 144.50.
INTER-BANK MARKET RATES: The rupee did not show any visible change in relation to the dollar for buying and selling at Rs 121.49 and Rs 121.51. Commenting on the performance of the Pak rupee versus the dollar during the out-going fiscal year 2017-18, President Forex Association of Pakistan (FAP) Malik Bostan, said that the Pak rupee has lost over Rs 20.40 or 20 percent at Rs 124.50 as compared with the last year's value at Rs 104.60 against the dollar.
At the same time, he hopes, that the recovery in Amnesty Scheme likely to ease the supply of dollars in the coming days. According to an estimate the Scheme has recovered some 330 million dollars and Rs 2000 billion, giving impression that the dollar's supply may improve in days to come.
In the meantime, the rupee's firmness will depend on demand and supply dollars, he added.
IN THE OPEN MARKET: On Monday, the rupee lost 20 paisas in terms of the dollar for buying and selling at Rs 124.20 and Rs 124.70. The rupee also fell sharply against the euro for buying and selling at Rs 143.25 and Rs 145.25. On Tuesday, the rupee recovered it's overnight losses against he dollar, gaining 20 paisas for buying and selling at Rs 124.00 and Rs 124.50, they said. The rupee also picked up the same amount against the euro for buying and selling at Rs 143.00 and Rs 145.00, they said. On Wednesday, the rupee maintained rising trend in terms of the dollar, picking up 20 paisas for buying and selling at Rs 123.80 and Rs 124.30, they said. The rupee also gained Re.one against the euro for buying and selling at Rs 142.00 and Rs 144.00, they said.
On Thursday, the rupee posted fresh gains of 30 paisas in terms of the dollar for buying and selling at Rs 123.50 and Rs 124.00, they said. The rupee also picked up more Re.one against the euro for buying and selling at Rs 141.00 and Rs 143.00. On Friday, the rupee 40 paisas in terms of the dollar for buying and selling at Rs 123.90 and Rs 124.40. The rupee also fell sharply against the euro, losing Rs 1.50 for buying and selling at Rs 142.50 and Rs 144.50.
On Saturday, the rupee shed 10 paisas in terms of the dollar for buying and selling at Rs 124.00 and Rs 124.50. While, the rupee depicted no change against the euro for buying and selling at Rs 142.50 and Rs 144.50.
IN THE INTER-BANK MARKET: On June 25, the rupee, however, picked up two paisas in relation to the dollar for buying and selling at Rs 121.50 and Rs 121.52. On June 26, the rupee shed five paisas in relation to the dollar for buying and selling at Rs 121.54 and Rs 121.56. On June 27, the rupee moved with little change in relation to the dollar for buying and selling at Rs 121.54 and Rs 121.55. On June 28, the rupee moved cautiously, showing no change in relation to the dollar for buying and selling at Rs 121.54 and Rs 121.56. On June 29, the rupee, however, gained four paisas in relation to the dollar for buying and selling at Rs 121.49 and Rs 121.51.
OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trade, the dollar fell to a two-week low against the yen on Monday as a latest flare-up in global trade concerns dented investor risk appetites and drove down US yields.
The greenback was down 0.4 percent at 109.54 yen after dropping to 109.45, its weakest since June 11. Investors steered from risk, with
"The dollar was already looking shaky against the yen in wake of the US spat with the EU. Any positive breakthrough in trade talks would prompt bargain hunting of the dollar, but that is simply not happening," said Kyosuke Suzuki, director of forex at Societe Generale in Tokyo.
The dollar was trading against the Indian rupee at Rs 68.100, the greenback was at 4.012 in terms of the Malaysian ringgit and the US dollar was at 6.532 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday. 83.70-83.70 (Previous 83.70-83.70).
In the second Asian trade, the dollar edged lower against the yen on Tuesday, hovering near a two-week low, as worries about an intensifying trade fight between the United States and its trade partners continued to hurt risk appetite.
The dollar pared some of its losses after Navarro's comments. It was last down 0.15 percent at 109.60 yen, after slipping to a two-week low of 109.365 on Monday.
The dollar was available against the Indian rupee at Rs 68.180, the greenback was at 4.021 in terms of the Malaysian ringgit and the US currency at 6.557 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday. 83.70-83.70 (Previous 83.70-83.70).
In the third Asian trade, the dollar was buoyant on Wednesday, having rebounded from two-week lows against its rivals as the yen sagged on easing risk aversion.
The dollar index against a basket of six major currencies was steady at 94.663 after gaining 0.4 percent overnight to snap a four-session losing run.
The index had fallen to its lowest since June 14 earlier on Tuesday amid concerns over an escalating trade row between the United States and its trade partners, notably China.
The dollar was 0.1 percent higher at 110.11 yen, after going as low as 109.37 earlier on Tuesday. The yen is often sought in times of market turmoil and political tensions.
The dollar was trading against the Indian rupee at Rs 68.458, the greenback was at 4.025 in terms of the Malaysian ringgit and the US dollar was available at 6.598 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday. 83.70-83.70 (Previous 83.70-83.70).
In the fourth Asian trade, the dollar was steady against its peers on Thursday, having failed to extend overnight gains amid conflicting signals from Washington on a proposal to restrict Chinese investment as the bitter US-China trade row kept financial markets on edge.
Demand stoked by the looming end of 2018's first half was seen supporting the dollar, which was not dented by lower US yields and a slide in Wall Street shares.
The dollar index against a basket of six major currencies stood steady at 95.266 after rallying 0.65 percent the previous day. The greenback had advanced after US President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.
The dollar was available against the Indian rupee at Rs 68.913, the greenback was at 4.037 in terms of the Malaysian ringgit and the US currency was at 6.617 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday. 83.70-83.75 (Previous 83.70-83.70).
In the final Asian trade, the euro jumped more than a half cent on Friday after European Union leaders reached an agreement on migration, a thorny issue that has threatened EU unity and the fate of German Chancellor Angela Merkel.
Still, the dollar index is on course to make its first quarterly gain in six while the Chinese yuan looks set to post its biggest fall for a month as traders increasingly worry about the impact of Sino-US trade disputes.
The euro rose as high as $1.1650, extending its recovery from the one-week low of $1.15275 touched on Thursday, after EU leaders reached the deal on migration.
The dollar was available against the Indian rupee at Rs 68.583, the greenback was at 4.034 versus the Malaysian ringgit and the US currency was available 6.613 in relation to the Chinese yuan.
In the final NY trade, the dollar slipped to a three-day low against the euro on Friday after European Union leaders reached an agreement on migration that eased pressure on German Chancellor Angela Merkel, but the currency was set to log its best quarterly performance in six quarters.
European Union leaders on Friday claimed success in reaching a hard-fought agreement to control immigration even though it faced instant criticism as vague, hard to implement and a potential threat to human rights.
The euro was up 0.83 percent against the dollar at $1.1663. The dollar index, which measures the greenback against a basket of six currencies, was down 0.76 percent at 94.663.