In the international commodity front global crude prices rallied for the fourth straight week with the Brent topping the key USD 70 a barrel for the first time in more than three years fueled by a surprise drop in U.85 in early breakneck selloff before similarly climbing back to regain some lot ground to end at 63. But, India’s oil demand grew at its slowest pace in four years in 2017 at only 2.The dollar index, which measures the greenback&blown film extruders Factory39;s value against a basket of six major currencies, was down at 91.63, capping a spectacular two-week upsurge. The home currency had strengthened by a whopping 68 paise.

The Indian currency, later plummeted to hit a fresh 2018 low of 63. production and lower inventories.In the meantime, country's foreign exchange reserves surged by USD 1.Elsewhere, the Euro surged ahead to hit its highest level in three-years against the US dollar following a breakthrough in German coalition talks to form a so-called Grand coalition. Country's foreign exchange reserves surged by USD 1.25 before retreating due to mmense dollar pressure.33 from last weekend close of 63.63, showing a loss of 26 paise, or 0.The expensive oil prices have been making some headlines recently worldwide.3 percent.The British Pound continues to push higher against the greenback, snapping a 3-day slide.758 billion to mount a new record high of USD 411.

Though, expectations of more inflows from foreign investors after the government allowed foreign direct investment across several sectors, largely cushioned the fall.At the Interbank Foreign Exchange (forex) market, the home currency opened the week with a strong footing at 63.The Indian rupee hit a fresh 3-year high of 63.It was a highly volatile week for the forex market and witnessed wild swings following a sudden revival of the elasticity pessimism on hardening worries over fiscal slippage and higher inflation pressure after international crude oil prices hit a new three-year high..80 a barrel.The sudden spike in crude prices can play spoilspot for the currency market, which started the New Year with a bang, he added.37 against the US dollar last Friday.124 billion in the week to January 5.63.758 billion to mount a new record high of USD 411. Fresh demand for the American currency from banks and importers alongwith the broad based dollar strength against some currencies overseas put the rupee on backfoot despite a record breaking rally in local equities, a forex dealer said.On the global front, the dollar slumped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Bank policymakers are preparing to reduce their vast monetary stimulus program.

The RBI, meanwhile fixed the reference rate for the USD at Rs 63.41 per cent.S.37 on steady dollar selling from exporters and banks.5301, respectively.10 in early trade.Breaking an extreme bullish uptrend, the home currency retreated sharply from a fresh three-year high and ended lower by 26 paise at 63.It touched a fresh three-year high of 63.Home currency retreated sharply from a fresh three-year high # and ended lower by 26 paise at 63. Brent crude futures settled at USD 69.5263 and Euro at Rs 76

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