Trends in Dollar
Indian rupee appreciated by 5.4 per cent against US Dollar from the same week of the previous year and the rupee-dollar pair closed at 44.2 on 2nd August , 2011. From the previous week it remains same at 44.2.
Among the major supplier countries under the review in table below South Korean Won saw the highest appreciation of 11.1per cent followed by Indian rupee (5.4 per cent), Chinese Yuan (5.2 per cent), Depreciation of currencies against dollar was led by Turkish Lira, followed by Vietnamese dong, Bangladesh Taka, and Pakistan rupee and Hong Kong Dollar which depreciated by 11.9 per cent, 8.5 per cent, 7.1 percent 0.8 percent and 0.8 per cent respectively.
Trends in Euro
On August 2nd, 2011 Indian rupee closed at 63.4 with a depreciation of 4.2 per cent against euro on the same day of the previous year. During the previous week Indian rupee saw appreciation of 0.8 per cent from Rs. 63.8 to Rs. 63.4.
All the other countries mentioned in the table below have experienced depreciation against Euro from 2nd August 2010 to 2nd August 2011. Depreciation of currencies against euro was led by Turkish Lira (23 per cent), followed by Vietnamese Dong, (19.4 per cent), Bangladesh Taka (18.1) Pakistan rupee (10.9 per cent), Hong Kong dollar (12.1 per cent.), Sri Lanka rupee (6.7 per cent), Chinese Yuan (4.3), India rupee (4.2), and South Korean Won has appreciated by 2.3 per cent over the same period.
Appreciation/Depreciation of Currencies against USD & Euro
The following chart shows the appreciation/depreciation of major currencies against USD and Euro from 2nd August 2010 to 2nd August 2011.
The weekly charts depict the weekly scenario of US dollar and euro against the Indian rupee.