THE dollar in overseas trade slumped to the lowest level since November as a reaction to President Donald Trump disclosing classified information to a Russian official during the week.
In the local currency market, the rupee traded weaker against the dollar in the first trading session. It lost one paisa and two paisas on the buying and selling countres respectively to trade at Rs104.83 and Rs104.85 against the last closing at Rs104.82 and Rs104.83.
With a rupee continued downslide for the second day, the rupee suffered two paisas loss and one paisa losses on the buying and selling countres against the dollar at Rs104.85 and Rs104.86.
After posting a three paisas loss in the first two sessions, it managed to resist the sharp erosion against dollar in the following three. The rupee/dollar parity remained unchanged in the third trading session when the rupee traded flat versus the dollar at Rs104.85 and Rs104.86 for the second straight day due to comfortable supply of dollar.
During the week, dollar on the interbank market gained against the rupee on a WoW basis
The dollar witnessed bearish sentiments in the last two sessions. The parity closed the week unchanged, trading flat at Rs104.85 and Rs104.86 for four straight days.
During the week, the dollar on the interbank market gained three paisas against the rupee on WoW basis.