THE RUPEE: Minor changes

The rupee fluctuated slightly against the dollar on the money market during the week, ended on October 26, 2019. INTER-BANK RATES: The rupee did not show major change in terms of the dollar for buying and selling at Rs 155.88 and Rs 155.90.

OPEN MARKET RATES: The rupee shed 10 paisas versus the dollar for buying at Rs 155.80, it however, picked up same amount for selling Rs 156.10 at Rs and. The rupee was available versus the euro for buying and selling at Rs 172.00 and Rs 174.00.

Marketmen observed that smooth availability of dollars helped the rupee to look ahead and it also looks that the rupee is likely to depict marginally versus the dollar in the near future.

Some money experts said that performances of economic fundamentals are improving slowly.

INTER-BANK MARKET RATES: On Monday, the rupee fluctuated with minor changes in terms of the dollar for buying and selling at Rs 155.90 and Rs 155.92, dealers said.

On Tuesday, the rupee fluctuated modestly in terms of the dollar for buying and selling at Rs 155.85 and Rs 155.90 respectively, they said.

On Wednesday, the rupee fluctuated with minor changes in terms of the dollar for buying and selling at Rs 155.87 and Rs 155.89. On Thursday, the rupee showed slight changes in terms of the dollar for buying and selling at Rs 155.88 and Rs 155.90. On Friday, the rupee firmed in terms of the dollar for buying and selling at Rs 155.88 and Rs 155.90.

OPEN MARKET RATES: On Oct 21, the rupee managed to hold weeks long levels in relation to the dollar for buying and selling at Rs 155.70 and Rs 156.20, they added. While, the rupee inched up marginally versus the euro for buying and selling at Rs 173.20 and Rs 175.20, they added.

On Oct 22, the rupee gained 20 paisas against the dollar for buying and selling at Rs 155.70 and Rs 156.20.

On Oct 23, the rupee picked up 20 paisas in relation to the dollar for buying and selling at Rs 155.50 and Rs 156.00, they added. The rupee also rose by 50 paisas versus the euro for buying and selling at Rs 172.70 and Rs 174.70, they added.

On Oct 24, the rupee gave up overnight firmness, dropping 30 paisas in relation to the dollar for buying at Rs 155.80 and it shed 10 paisas for selling and Rs 156.10, they added. The rupee slipped by 10 paisas versus the euro for buying and selling at Rs 172.80 and Rs 174.80,.

On Oct 25, the rupee held the overnight levels in relation to the dollar for buying and selling at Rs 155.80 and Rs 156.10. The rupee, however gained 30 paisas versus the euro for buying and selling at Rs 172.50 and Rs 174.50.

On Oct 26, the rupee held the overnight levels in relation to the dollar for buying and selling at Rs 155.80 and Rs 156.10. The rupee picked up 50 paisas versus the euro for buying and selling at Rs 172.00 and Rs 174.00.

OVERSEAS MARKET OUTLOOK: In the first Asian trade, sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement.

The move derailed Prime Minister Boris Johnson's plan for a decision on his withdrawal deal, but the pound held the bulk of its recent rally on confidence that a disorderly exit from the European Union would be avoided.

In Asian trade, the pound fell 0.61% to $1.2910, having hit a five-month peak of $1.2990 on Friday and closing the week just below the $1.30 mark, a 6.5% surge since Johnson struck an EU divorce deal on Oct. 10.

The dollar was available against the Indian rupee at Rs 14110.000, the greenback was at 4.183 in terms of the Malaysian ringgit ad the US currency was at 7.074 versus the Chinese yuan.

In the second Asian market, Hopes the United States and China were making progress to resolve their trade dispute supported the dollar and trade-exposed Asian currencies on Tuesday, while the Canadian dollar rose as the ruling Liberal Party looked to have won a national election.

The volatile pound inched 0.2% higher but stayed a touch below a 5-1/2-month high at $1.2980, with the Brexit project in disarray but traders looking to another crucial parliamentary vote on Tuesday to determine the next step.

The dollar was available versus the Indian rupee at Rs 70.955, the greenback was at 4.183 in terms of the Malaysian ringgit and the US currency was trading at 7.076 against the Chinese yuan.

The rupee was trading versus the euro for buying and selling at Rs 173.00 and 175.00 respectively.

In the third Asian trade, the pound edged lower on Wednesday after an overnight fall as Brexit hung in the balance, with the British Parliament still divided on how, when or even if to engineer Britain's departure from the European Union.

The yen rose against the US dollar and the Australian dollar as some investors sought a safe haven amid doubts about Brexit and efforts to de-escalate a bruising trade war between the United States and China.

A decline in equities and a rise in US Treasury prices in Asia underscored investors' aversion to taking on big risks as the drama over Britain's departure from the EU grows increasingly complex by the day.

The dollar was trading against the Indian rupee at Rs 70.915, the greenback was at 4.192 in terms of the Malaysian ringgit and the US currency was available at 7.083 versus the Chinese yuan.

In the fourth Asian trade, the British pound stabilised on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-US trade headlines.

Currency markets are also sticking to tight ranges ahead of key central bank meetings this week and next with the euro zone, Japan and United States due to review policy.

Sterling held at $1.2911 after Britain's parliament backed a withdrawal deal, but rejected the government's tight timetable, while European Union members delayed deciding whether to grant a three-month extension to the Oct. 31 leaving date.

European Council President Donald Tusk said he recommended the leaders of the EU's 27 other member states back a delay, with senior EU diplomats saying a three-month delay is most likely.

The dollar was trading against the Indian rupee at Rs 70.913, the greenback was at 4.183 in terms of the Malaysian ringgit and the US currency was available at 7.067 versus the Chinese yuan.

In the final Asian trade, the pound nursed losses versus the dollar and the euro on Friday after Prime Minister Boris Johnson's call for an election heightened uncertainty over Britain's divorce from the European Union.

The British currency is likely to remain fragile ahead of a meeting later on Friday where European Union officials may decide how long they will extend Britain's deadline to leave the EU beyond the current date of Oct. 31.

At this stage, an election looks unlikely because the main opposition Labour Party has withheld its support and other opposition parties have rejected the offer.

However, the twists and turns of the Brexit process have proved too complex to predict, which is likely to discourage some investors from taking on excessive risk before the EU agrees a new deadline for the Britain's departure from the bloc.

The dollar was trading against the Indian rupee at Rs 70.990, the greenback was at 4.186 in terms of the Malaysian ringgit and the US currency was at 7.072 in terms of the Chinese yuan.

In the final US trade, the dollar strengthened on Friday after US and Chinese trade officials neared finalizing parts of the Phase 1 trade pact, according to the US Trade Representative's office.

A statement issued by the USTR following Friday's negotiations said "They made headway on specific issues and the two sides are close to finalizing some sections of the agreement. Discussions will go on continuously at the deputy level, and the principals will have another call in the near future." The statement provided no details on the areas in which progress was made.

The dollar index was 0.20% higher in afternoon trade to 97.826. Against the euro, the dollar was 0.21% higher to $1.108.

The dollar had strengthened earlier in the day against the pound, but some of those gains were reversed after the European Union agreed to London's request for a Brexit deadline extension but set no new departure date, giving Britain's divided parliament time to decide on Prime Minister Boris Johnson's call for a snap election.