The dollar managed to keep an upward journey versus the rupee on the money market on Monday in the process of trading, dealers said. The rupee fell against the dollar, losing five paisas for buying and selling at Rs 104.81 and Rs 104.83 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also dropped by 10 paisas more in terms of the dollar for buying and selling at Rs 106.20 and Rs 106.40 respectively, however it gained 80 paisas in relation to the euro for buying and selling at Rs 114.50 and Rs 116.00 respectively, they said.
In the first Asian trade, the dollar rose to a nine-month high against a basket of major currencies, riding climbing US yields and seen to be at the cusp of a renewed bull phase following Donald Trump's US election win.
The dollar index was up 0.4 percent at 99.471 after touching 99.680, its highest since January 29. The greenback has soared on expectations that Trump's administration would boost spending and lift inflation, which spurred an elevation of Treasury yields.
The 10-year Treasury note yield rose to a 10-month high of 2.2 percent in Asia. The dollar was trading against the Indian rupee at Rs 67.25, the greenback was trading against the Malaysian ringgit at 4.3250 and the US currency as 6.8262 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 78.51-78.52 (previous 78.50-78.50).
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Open Bid Rs.106.20
Open Offer Rs.106.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.104.81
Offer Rate Rs.104.83
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RUPEE IN LAHORE: The rupee stayed weak and declined against the US dollar in the local currency markets on Monday.
The trading of the US dollar commenced on a positive note and kept moving up due to buyers' interest. At close of trading, the dollar's rate further went up at Rs 106.40 and Rs 10.670 on buying and selling sides, respectively, as compared to Saturday's closing rate of Rs 106.35 and Rs 106.50, currency dealers said.
On the other hand, the local currency recovered its earlier losses against the pound sterling. The pound's buying and selling rates decreased from last week's closing of Rs 133.10 and Rs 134.00 to Rs 132.70 and Rs 133.50, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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