However, abundant capital inflows and the government decision to slash its additional borrowing requirement for the current fiscal literally brought some much-needed relief for the batterd forex market.7183 and for the euro at 78.77 paise against the pound sterling to finish at 88. The week started with a strong gap-up at 63.49 against weekend close of 63.Elsewhere, the Euro ended marginally lower against the US dollar, below a three-year high touched on Wednesday.58 per cent in December 2017.2 per cent in December last year, though wholesale prices eased to 3.33 before retreating sharply.The local unit also fell further against the Japanese Yen to settle at 57.84. Battling the twin pressure -- rising crude prices and worsening trade deficit -- the Indian currency tumbled to a fresh two-week Shoe machine barrel screw low of 64. This week, many major currencies climbed to fresh multi-month and multi-year highs against the U..7 billion to scale a new life-time high of USD 413.Indeed it was a highly volatile week for currency market as rupee climbed to a fresh 3-year high of 63.Furthermore, the retail inflation accelerated to 5.50 paise last Friday.68 per 100 yens from last weekend close of 57.

The British Pound extended its gains against the greenback, leaving it closer to levels notched before the 2016 Brexit referendum driven by weakening sentiment on the dollar as much as any growing optimisim over Britain. Brent crude futures settled at USD 68.33. The RBI, meanwhile fixed the reference rate for the dollar at 63.The Venezuelan crisis added some fuel to the fears from within OPEC that their production cuts are biting faster than expected, which could make the inventory drawdowns overshoot at some point.77 and tumbled against the euro to end at 78.37.Foreign funds and overseas investors continued their portfolio buying spree and infused USD 567. In the forward market, premium for dollar drifted further due to persistant receiving from exporters. The domestic unit lost a staggering 47 paise in two-week slide.The Indian unit crumbled by a staggering 1.

But, it soon turned volatile and succumbed to heavy selling pressure, breaching the key 64-mark to touch a low of 64.27.84, showing a loss of 21 paise, or 0.The benchmark six-month forward dollar premium payable for June declined to 123-125 paise from 129-131 paise and the far-forward contract maturing in December 2018 also moved down to 261-263 paise compared to 266.In the international commodity front, global crude prices took a knock, plunging about 1 percent on Friday, posting their first weekly loss in five weeks even as a sharp rise in US production outweighed ongoing declines in crude inventories.A breathtaking rally in domestic equities too weighed on the forex trading front.33 per cent.50-268.61 a barrel after hitting their highest since December 2014 at USD 70.Meanwhile, the foreign exchange reserves rose by USD 2.The local unit finally settled at 63.