Rupee appreciates to 47.20 against USD
On October 31, Indian rupee and US dollar pair closed at 47.20 with huge appreciation of 9.86 per cent against US dollar over the same day of previous year. While from the previous week (ended on 24 October 2009), it noticed a depreciation of 1.05 per cent.

 Among the major supplier countries under review, South Korean won saw an appreciation of 7.21 per cent followed by Turkish New Lira 1.31 per cent on annual basis. Also Hong Kong dollar and Chinese Yuan added a little of 0.03 per cent and 0.20 per cent respectively.

Among the losers Vietnamese Dong, Sri Lankan Rupee, Pakistani rupee and Bangladeshi Taka saw a depreciation of 6.69 per cent, 4.39 per cent, 2.49 per cent, and 1.56 per cent respectively.

Trends in Euro
During these days, Euro is floating high against the major supplier countries as given in the table below. Though, Indian rupee saw a little depreciation of 2.23 per cent to Rs. 69.88 against Euro on 31st October on annual basis.

As, it is clear from the table given below ,that all major currencies viz. Bangladeshi Taka, Pakistani rupee, Chinese Yuan, South Korean won, Hong Kong Dollar, Vietnamese Dong, Sri Lankan Rupee and Turkish New Lira depreciated heavily. In the above mentioned currencies Vietnamese dong saw the maximum depreciation of 21 per cent over the same day of previous year.

Appreciation/Depreciation of Currencies against USD & EURO
The following chart shows the appreciation/depreciation of major currencies against USD and EURO.

Weekly Trends
The below given chart depicts the weekly scenario of US dollar and Euro against the Indian rupee.