The disturbed law and order situation marred the business activity in the city last week and the currency market observed a shortened week. Under the circumstances, minor changes occurred in the kerb and interbank rates, dealers said.
In the interbank market, the rupee gained 6 paisa versus dollar at 59.95 and 59.96 for buying and selling, respectively.
However, it showed no major change versus dollar in the open market at 60.10 and 60.15 for buying and selling, respectively, but moved up 5 paisa versus euro at Rs 72.30 and Rs 72.40 for buying and selling, respectively.
The currency market resumed its business on normal note on Monday and observed slow activity due to holiday on Tuesday on account of Eid-e-Milad-un-Nabi (SAW).
During the remaining days of the week the market almost remained closed due to bomb blast in the city, killing about 48 people.
INTERNATIONAL MARKET SCENARIO: The dollar lost its ground versus major currencies, but the losses were limited on expectations of increase in the US interest rate in the near future. Later, it was higher as supply was tight due to long week-end on account of Easter.
INTER-BANK MARKET RATES: On Monday, the rupee shed 3 paisa against dollar for buying at 60.00 and slid 5 paisa for selling at 60.03.
On Wednesday, the rupee gained 4 paisa for buying at 59.96, and 5 paisa for selling at 59.98 against dollar. Easy supply of dollars helped the rupee.
On Saturday, the rupee showed marginal change against the dollar for buying and selling at 50.95 and 59.96, respectively.
OPEN MARKET RATES: On April 10, the rupee gained two paisa for buying at 60.10 and rose by three paisa for selling at 60.15.
The rupee stayed put versus euro for buying and selling at Rs 72.35 and Rs 72.45, respectively.
On April 12, the rupee managed to gain 5 paisa versus dollar for buying and selling at 60.05 and 60.10, respectively.
The rupee also gained 5 paisa versus euro for buying and selling at 72.30 and Rs 72.40 as the US dollar showed its strength in terms of other currency units.
On April 15, the rupee shed 5 paisa versus dollar in the open market for buying and selling at 60.10 and 60.15.
The demand for dollar was high slightly to meet the payment requirements. It is expected that the rates would move both ways in the near future.
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