KARACHI: On Monday, the first day of currency markets after Eid holidays, PKR exhibited mixed behavior by gaining value against USD in interbank market while remaining unchanged against USD and going down against Euro, AED and SR in open market. In global currency markets, at the time of writing of this report; dollar dipped against other majors as investors looked towards this week’s Federal Open Market Committee meeting regarding monetary policy.
INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee gained 1.10 rupees for both buying and selling against USD over last week’s rates closing at 160.30 and 160.40 respectively.
OPEN MARKET RATES: In the open market, PKR remained unchanged for both buying and selling over last week’s rates closing at 161 and 161.50 respectively.
Against Euro, PKR lost 1.80 rupees for both buying and selling closing at 188 and 189.50 respectively.
Against UAE Dirham, PKR lost 10 paisas for both buying and selling closing at 43.35 and 43.65 respectively.
Against Saudi Riyal, PKR lost 10 paisas for both buying and selling as well closing at 42.35 and 42.65 respectively.
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Open Bid Rs 161.00
Open Offer Rs 161.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday
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Bid Rate Rs 160.30
Offer Rate Rs 160.40
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RUPEE IN LAHORE: The Pak rupee showed strength as it recovered its earlier losses versus the American dollar and the British pound in the open currency market on Monday.
Following the lack of buyers’ interest in the market, the dollar commenced trading on a negative note and remained under selling pressure throughout the trading session. Consequently, the dollar ended lower for buying and selling at Rs 160.50 and Rs 161.80 against the previous closing rate of Rs 161.50 and Rs 162.50, respectively, local currency dealers said.
Likewise, the national currency also followed suit in relation to the pound sterling that was bought and sold at Rs 219.00 and Rs 220.80 against Friday’s closing trend of Rs 219.50 and Rs 221.00, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs162 (buying) and Rs 162.10 (selling) against same last week's rate.
It closed at Rs162 (buying) and Rs 162.10 (selling).
The buying and selling rates of one tola of gold remained Rs106,000 (selling) and Rs106.100 (selling).
Copyright Business Recorder, 2021
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