THE RUPEE: rates slip

Marginal fall was witnessed on the local currency market on Monday as the rupee drifted lower versus the dollar in the process of trading, dealers said. The rupee shed two-paisa in terms of the dollar for buying and selling at Rs 101.72 and Rs 101.74 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same trend, losing five-paisa in relation to the dollar for buying and selling at Rs 102.20 and Rs 102.40 respectively, while it maintained it's week-end levels in terms of the euro for buying and selling at Rs 107.50 and Rs 107.75 respectively, they said.
In the first Asian trade, the euro sank to a fresh 12-year low after a recent bounce was met with fresh selling interest in a sign that investors were still very bearish on the common currency. The euro fell as far as $1.0457 early in Asia, its lowest since January 2003, after a brief bounce above $1.0600 overnight. It last traded at $1.0524.
The dollar was trading against the Indian rupee at Rs 62.91, the greenback was at 3.7070 in terms of the ringgit and the US currency was available at 6.2620 versus the Chinese yaun. Inter bank buy/sell rates for the taka against the dollar on Monday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-8.00 percent (Previous 07.00-08.00 percent).

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Open Bid       Rs 102.20

Open Offer     Rs.102.40

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.

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Bid Rate       Rs.101.72

Offer Rate     Rs.101.74

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RUPEE IN LAHORE: The rupee remained under pressure and lost 35 paisa against the US dollar on the local currency market on Monday.
Currency dealers said the dollar resumed trading on a positive sign and kept rising following buyers' interest. At close of trading, the dollar ended at Rs 102.50 and Rs 102.75 on buying and selling side against Rs 102.15 and Rs 102.40 of last Saturday, respectively, the dealers added.
The rupee staged a recovery and appreciated its worth against the British pound which was traded at Rs 150.60 and Rs. 151.40 on buying and selling counter compared with last week's closing of Rs 153.10 and Rs 153.60, respectively.
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 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).
Copyright Business Recorder, 2015