Falling trend was seen on the currency market on Monday as the rupee fell versus dollar and euro, dealers said.
INTER-BANK MARKET: The rupee shed 16 paisa against dollar for buying and selling at 90.84 and 90.86 on strong demand by the importers, they said.
OPEN MARKET RATES: In sympathy with inter-bank, the rupee dropped 10 paisa in relation to dollar for buying and selling at 90.75 and 90.95, they said. The rupee also lost 80 paisa in terms of euro for buying and selling at Rs 119.74 and Rs 120.24, they added.
In the first Asian trade euro edged up after Greece's parliament approved an austerity bill that put the country a step closer to securing much-needed funds, though market players worried about more hurdles before lenders seal a bailout deal.
Violent street protests in Athens and the departure of six Greek cabinet ministers underscored the difficulty of implementing unpopular steps.
Euro zone finance ministers also expect Greece to explain how 325 million euros ($430 million) of this year's total budget cuts-as yet unspecified-will be achieved before it agrees to the bailout in a meeting on Wednesday.
The dollar was trading versus the Indian rupee at Rs 49.27, the greenback was at 3.0250 versus the Malaysian ringgit and the US currency was at 6.298 in relation to the Chinese yuan.
Inter bank buy/sell rates for taka against dollar on Monday: 83.40-83.85 (previous 83.80-83.99). Call Money Rates: 15.00-20.00 percent (previous 12.00-20.00 percent.
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Open Buying Rs.90.75
Open Selling Rs.90.95
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Buying Rs.90.84
Selling Rs.90.86
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RUPEE IN LAHORE: The Pak rupee showed stability on buying side while it was declined by five-paisa on selling side against the US dollar in the local currency market on Monday.
According to the currency dealers, the dollar commenced trading at its Saturday closing of Rs 90.65 and Rs 90.85 as its buying and selling rates, respectively. There was no change in the dollar's buying rate that remained intact at Rs 90.65 while its selling rate was marginally improved to Rs 90.00, the dealers said.
Similarly, the rupee maintained its last week closing position and stayed unchanged on buying side while it lost its worth on selling side against the pound sterling. The pound was traded at Rs 142.20 and Rs 143.20 on buying and selling counters as compared to previous closing of Rs 142.20 and Rs 143.00, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 90 (buying) and Rs 90.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 90 (buying) and Rs 90.20 (selling).
Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).
Copyright Business Recorder, 2012
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