For some time, the euro climbed vis-à-vis the rupee, while the dollar is the downward slope.

For some time, the euro climbed vis-à-vis the rupee, while the dollar is the downward slope. For example, the euro rose from Rs 39.30 last week at Rs 40.13 on Monday before falling to Rs 39.75 on Friday.

"The euro has gained strength in the space of a few days. It will continue to rise in the coming days. This is because the single European currency appreciated globally since Germany decided to help Spain and other European countries that are struggling, "said a trader. For cons, the dollar falls from Rs 31.15 in early September to Rs 30.85. Decline, says our interlocutor, which is attributed to the fact that the United States would have a more competitive dollar to support exports.