The rupee commenced the week on a positive note as it managed to recover weekend losses against dollar on the money market on Monday, experts said. The rupee inched up versus dollar, gaining three paisa for buying and selling at 85.92 and 85.97, they said.
INTERBANK MARKET RATES: In the first Asian session euro hovered near a one-month high on Monday, bolstered by news that Greece may receive a vital slice of aid in July to avoid a default, and some traders said a widening gap between US and euro-zone interest rates could push the euro up to $1.50 in coming weeks. The single currency has jumped almost four percent in the past three weeks on hopes that Greece is close to securing billions of euros in aid. A new aid package may cost more than 100 billion euros ($144 billion), German news magazine Der Spiegel said in its latest issue to appear on Monday.
Inter bank buy/sell rates for taka against dollar on Monday: 73.75/73.85 (previous 73.59/73.73). Call Money Rates: 6.00-9.00 percent (previous 6.00-9.50 percent). The Indian rupee was trading at Rs 44.80 versus dollar, Malaysian ringgit was at 2.9995 in terms of the greenback and Chinese yuan was at 6.4796 versus the US currency.
OPEN MARKET RATES: The rupee picked up 15 paisa in relation to dollar for buying and selling at 86.00 and 86.20 in process of trading, they added. The rupee gained slightly by two paisa in terms of euro for buying and selling at Rs 125.19 and Rs 125.69, they said.
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Open Buying Rs 86.00
Open Selling Rs.86.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Buying Rs.85.92
Selling Rs.85.97
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RUPEE IN LAHORE: The rupee gained strength and was improved by 10-paisa against the US dollar in the local currency market on Monday.
According to the currency dealers, the dollar was opened on a negative note and remained under pressure in the absence of buying support. At the end of trading, the dollar was closed lower at Rs 86.00 and Rs 86.20 as its buying and selling rates against the last Saturday closing of Rs 86.10 and Rs 86.35, respectively.
Similarly, the rupee recovered some of its earlier loss and appreciated its worth against the pound sterling. The pound was purchased and sold at Rs 140.70 and Rs 141.20 as compared to previous closing of Rs 141.00 and Rs 141.60, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar resumed trading at Rs 85.60 (buying) and Rs 85.80 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 85.60 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against same previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).
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