THE RUPEE: mixed patterns

The rupee moved both ways against the dollar in the process of trading on Monday, dealers said. The rupee lost eight-paisa against the dollar for buying at Rs 104.93 and it also shed five-paisa for selling and Rs 104.95, experts said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, gained 10-paisa in terms of the dollar for buying at Rs 106.00 and rose by 15-paisa for selling at Rs 106.25, they added.
The rupee also picked up 30-paisa in relation to the euro for buying and selling at Rs 115.50 and Rs 116.50, they added. In the first Asian trade, the dollar moved away from a two-month low against the yen, following downbeat Japanese economic data in holiday-thinned trading. The dollar was trading against the Indian rupee at Rs 66.11, the greenback was at 4.2950 in terms of the Malaysian ringgit and the US currency was at 6.4771 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 78.52-78.53 (previous 78.55-78.55).

========================

Open Bid       Rs.106.00

Open Offer     Rs.106.25

========================

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

========================

Bid Rate       Rs.104.93

Offer Rate     Rs.104.95

========================

RUPEE IN LAHORE: The rupee gained strength against the major currencies, including the dollar and the pound sterling on Monday, with the dollar feeling the selling pressure throughout the day.
It finally fell at Rs 106.30 and Rs 106.70 as its buying and selling rates against the last week closing of Rs 106.75 and Rs 107.15. But the rupee did gain against the pound sterling that was traded at Rs 157.00 and Rs 158.00 on the buying and selling rates as compared with the last Saturday closing of Rs 157.25 and Rs 158.25.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
Copyright Business Recorder, 2015