The upward trend of Rupee

The rupee held its week-end firmness against the dollar and euro on the currency market on Monday, dealers said. They said it was surprising to note that the national currency moved up in terms of the single European currency despite making sharp gain in the overseas market.

On the inter-bank market, the rupee maintained rising trend versus the dollar, gaining 20-paisa for buying at Rs 108.20 and it also picked up 21-paisa for selling at Rs 108.22.

The rupee managed to pick up 10-paisa for buying at Rs 107.70 and it, however, lost 15-paisa for selling at Rs 107.90. The rupee inched up by 10-paisa versus the euro for buying and selling at Rs 147.40 and Rs 147.65.

The dollar was trading against the Indian rupee at Rs 61.04, the rupee was available at 3.2180 in relation to the Malaysian ringgit and the US currency was at 6.0725 in terms of the Chinese yuan.