The rupee moved both ways against the dollar on the currency market on Monday in process of slow trading, dealers said. The rupee shed two paisa in relation to dollar for buying and selling at 90.70 and 90.72, they said.
INTERBANK MARKET: OPEN MARKET RATES: The rupee showed five paisa rise for buying at 90.90 and it depicted no change for selling at 91.15, they said. The rupee depreciated in relation to euro, losing 35 paisa for buying at Rs 120.30 and lost 85 paisa for selling at 121.30, they said. In the first Asian trade the safe-haven yen eased and the Australian dollar rose on Monday after surprisingly strong Chinese factory activity data eased fears about a hard landing by the world's second-biggest economy.
The Australian dollar rose 0.5 percent to $1.0399 after a report on Sunday showed activity at big Chinese factories hit an 11-month high in March.
Inter bank buy/sell rates for taka against dollar on Monday: 81.76-81.83 (previous 81.76-81.83). Call Money Rates: 07.00-12.00 percent (previous 06.75-12.50 percent. The dollar was trading versus the Indian rupee at Rs 50.87, it was available at Malaysian ringgit at 3.0515 and the greenback was moving in terms of the Chinese yuan at 6.298.
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Open Buying Rs 90.70
Open Selling Rs 90.72
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Buying Rs 90.90
Selling Rs 91.15
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RUPEE IN LAHORE: The Pak rupee was opened on a positive note and gained five-paisa against the US dollar in the local currency market on Monday.
According to the currency dealers, the dollar resumed trading at its Friday closing of Rs 91.10 and Rs 91.30 as its buying and selling rates, respectively. In the absence of buying support, the dollar could not sustain and was declined to Rs 91.05 and Rs 91.25 on buying and selling side, respectively.
However, the rupee showed stability and remained unchanged on buying side while it was improved on the selling side against the pound sterling.
The pound was purchased and sold at Rs 144.30 and Rs 144.80 as compared to previous closing of Rs 144.30 and Rs 145.00 respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 91 (buying) and Rs Rs 91.20 (selling) against same previous rate. It did not observe any further change in the second session and closed at Rs 91 (buying) and Rs 91.20 (selling).
Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).
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