The rupee showed slight changes against the dollar on the money market on Monday in the process of trading activity, dealers said. The rupee inched up by one paisa in terms of the dollar for buying at Rs 138.74 and it also gained two paisas for selling at Rs 138.76.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee rose by 10 paisas in terms of the dollar for buying at Rs 138.50 while it did not show any change for selling at Rs 139.00, they said. The rupee, however, lost 30 paisas against the euro for buying at Rs 157.60 and it also shed 60 paisas for selling at Rs 159.10, they said.
In the first Asian trade, the dollar was down on Monday, not far off more than one-week lows as financial markets shifted their attention to this week's Federal Reserve rates-setting review with traders wagering policymakers would signal a pause to their tightening cycle.
The dollar index, a gauge of its value versus six major peers was marginally lower at 95.73. A deal to reopen the US government for now after a prolonged shutdown also reduced investor demand for the safety of the greenback.
The dollar was trading against the Indian rupee at Rs 71.080, the greenback was at 4.108 in terms of the Malaysian ringgit and the US currency was at available at 6.731 versus the Chinese yuan.
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Open Bid Rs.138.50
Open Offer Rs.139.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.138.74
Offer Rate Rs.138.76
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RUPEE IN LAHORE: The Pak rupee remained weak and marginally declined by five-paisa on buying side while it stayed unchanged on the selling side in relation to the greenback in the local currency market on Monday.
The dollar resumed trading at its Saturday closing of Rs 138.10 and Rs 139.00 as its buying and selling rate, respectively. The dollar did not observe visible change in its rate and ended slightly higher at Rs 13.8.15 on buying counter whereas it remained unchanged at Rs 139 on the selling counter.
The rupee remained under pressure and depreciated its worth against the British pound that was purchased and sold at Rs 181.30 and Rs 182.40 as compared to last week closing of Rs 181.10 and Rs 182.30, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 10 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 138.60 (buying) and Rs 138.70(selling) against last rate of Rs 138.70 (buying) and Rs 138.80(selling). It closed at Rs 138.60(buying) and Rs 138.70 (selling).
The buying and selling rates of one tola of gold was Rs 67,800 (selling) and Rs 67,5000 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.
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