Dollar goes up by 80 paisas against rupee

The US dollar continued surging against the rupee as it had so far gained 70 paisas against the local currency in inter-bank rate, reported 24NewsHD TV channel on Monday afternoon.

The session started with the US showing a strong upward movement from the very beginning as it was currently available for Rs163.90.

Earlier on Friday [the last working day of the week], the dollar, pound and euro had a field day as they made huge gains against the rupee.

According to the State Bank, the dollar closed at Rs163.10 in inter-bank rate after making a net gain of Rs1.30 during the daily trading.

The day began with a volatile start in the currency market in the morning, as the dollar price at one point soared to Rs163.30.

It meant the dollar had gained Rs1.50 against the rupee during early trading after starting the session from the previous level of Rs161.80.

On the other hand, the pound sterling too grew stronger and ended the day at Rs200.74 after a gain of Rs2.28 in inter-bank rate.

But it was euro which won the race as the currency saw its value going up by Rs2.82 and closed the session at Rs180.97.

This strong performance of dollar against the rupee came after it had a poor day against pound and euro in world market. The euro was up at $1.1105 from $1.1077 and the pound up at $1.2322 from $1.2319.