Mixed patterns were seen on the currency market on Monday in the process of persistent demand for dollars, dealers said. The rupee continued its slide against the dollar, losing 10 paisa for buying and selling at Rs 102.15 and Rs 102.18, dealers said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, picked up 10 paisa in relation to the dollar for buying and selling at Rs 102.20 and Rs 102.40 respectively, they said. The rupee also rose by 25 paisa against the euro for buying and selling at Rs 134.50 and Rs 134.75 respectively, they said.
In the first Asian trade, the New Zealand dollar skidded to a one-year low after New Zealand's major dairy exporter, Fonterra, said at the weekend it had found bacteria in some of its products that could cause botulism.
Dairy produce accounts for about a quarter of New Zealand's NZ$46 billion ($36 billion) annual export earnings, and the currency is sensitive to the fortunes of Fonterra, the world's biggest dairy exporter. The dollar was trading against the Indian rupee at Rs 60.89, the greenback was 3.2415 in terms of the Malaysian ringgit and the US currency was at 6.1272 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 77.75-77.76 (77.75-77.75). Call Money Rates: 08.00-08.00 percent (previous 05.40-09.00 percent).
========================
Open Bid Rs 102.20
Open Offer Rs 102.40
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
========================
Bid Rate Rs 102.15
Offer Rate Rs 102.18
========================
RUPEE IN LAHORE: The Pak rupee gained 20-paisa on buying side while it remained unchanged on selling side against the US dollar on the local currency market on Monday.
According to the currency dealers, the dollar commenced trading at its last week closing of Rs 102.50 and Rs 103.00 as its buying and selling rate, respectively. On close of trading, the dollar's buying rate could not sustain and was slide down to Rs 102.30 while its selling rate stayed unchanged at Rs 103.00, the dealers said.
However, the rupee-pound sterling parity stayed unchanged amid low trading activity. The pound was traded at its last Saturday closing of Rs 155.00 and Rs 155.50 on buying and selling counters, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 103 (buying) and Rs 103.25 (selling) against last rate. It did not observe further change in the second session and closed at Rs 103 (buying) and Rs 103.25 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.
Comments
Comments are closed.