Divergent trend was witnessed on the currency market on Monday in process of trading, market men said. As a result of higher demand for dollar, the rupee could not retain its firmness, shedding five paisa for buying at 94.55 and it inched down by four paisa for selling at 94.58, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee maintained its overnight levels versus the dollar for buying and selling at 94.70 and 94.90, they said. The rupee, however, gained 50 paisa in relation to the euro for buying and selling at Rs 121.80 and Rs 122.80, they added.
In the first Asian trade, the euro tested last week's low against the dollar, while the growth-linked Aussie slid as its rally sparked by recent central bank stimulus moves ran out of steam. Uncertainty over Spain and Greece also hampered the euro while the yen was helped by Japanese repatriation ahead of half-year book-closing at the end of this month, though wariness about Japan's possible intervention kept its advance in check.
The dollar was trading against the Indian rupee at 53.29, the greenback was t 3.0650 in terms of the Malaysian ringgit and the US currency was trading at 6.3058 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday. 81.58-81.68 (previous 81.59-81.63). Call Money Rates: 10.00-10.00 percent (previous 04.00-11.25 percent).
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Open Buying Rs 94.70
Open Selling Rs.94.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.94.55
Offer Rate Rs.94.58
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading activity on the local currency market on Monday.
According to the currency dealers, the dollar resumed trading at its last Saturday closing of Rs 94.7 and Rs 94.9 on buying and selling sides, respectively. In the absence of buying support, the dollar witnessed no change in its value during the day's trading and was closed at the opening level, the dealers said.
The rupee gained strength and was appreciated on buying side while it registered loss on selling side against the pound sterling. The pound was purchased and sold at Rs 152.5 and Rs 153.5 as compared to last week closing of Rs 152.9 and Rs 153.2, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 94.2 (buying) and Rs 94.3 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.2 (buying) and Rs 94.3 (selling). Pound Sterling opened at Rs 146 (buying) and Rs 146.5 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.5 (selling).
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