Rupee Has Lost More Than Bangladesh, Pak Currencies

Among the global currencies, the rupee was the worst hit by the US crisis. The Indian unit has lost by 1.39 per cent --66 paise-- to 47.99/48.01 since September 11 when the terrorist attacked the US.

Even the currencies of neigbouring countries -- Bangladeshi Taka and Pakistan Rupee -- performed better as compared to the Indian currency.

Bangladeshi Taka, in fact, strengthened by 0.8 per cent between September 11 and 18 to 56.70, while the Pakistani rupee declined marginally by 0.19 per cent to 64.17 against the greenback during this period.

Most of the major currencies have gained against the dollar ever since the attack on US. British pound and euro were strengthened by 0.51 per cent to 0.6824 and 2.8 per cent to 1.0814, respectively, against dollar. Japanese yen went up by 2.59 per cent to 117.81 while Canadian dollar moved up by 0.5 per cent to 0.6824. French franc were appreciated by 2.8 per cent to 7.0937. Italian lira also gained by 2.78 per cent to 2093.94.

Among the major Asian currencies, Malaysian ringgit remained rock steady. Ringgit was traded at 3.7995 today marginally strengthened from 3.8003 on September 11.

Singapore dollar gained considerably by 1.07 per cent to 1.7320. Philippine peso and Taiwan dollar were strengthened by 0.29 per cent to 51.20 and 0.4 per cent to 34.5620, respectively. South-Korean won, however, depreciated by 0.6 per cent to 1298.50.

Among other currencies, Mexican peso was hit heavily as it dipped by 1.61 per cent to 9.55. Argentine Peso, however, improved marginally by 0.1 per cent to 0.998 during the period.