The rupee moved both ways against the dollar on the currency market on Monday, dealers said. The rupee shed six-paisa in relation to the dollar for buying and selling at 95.39 and 95.42, they said. Commenting on the slight fluctuations in the national currency, money experts said the rupee might recover its lost ground in near future.
INTERBANK MARKET RATES: They also said the rupee, currently, appeared unpredictable and still in search of its actual direction.
OPEN MARKET RATES: The rupee, however, gained 10-paisa versus the dollar for buying and selling at 95.20 and 95.40, they said. The rupee followed the suit against the euro, picking up 20-paisa for buying and selling at Rs 123.30 and Rs 124.30, they added.
In the first Asian trade, euro crept up after Spain's prime minister won a boost for his austerity drive with a regional election victory while yen slid to a two-month low against the dollar on expectations of more stimulus from the Bank of Japan.
The Canadian dollar made a rare big retreat in Asia trade to hit a two-month low on expectations that the central bank may drop its hawkish tone following tame inflation data. Interbank buy/sell rates for the taka against the dollar on Monday: 81.20-81.22 (previous 81.22-81.23). Call Money Rates: 06.25-10.00 percent (previous 06.25-10.50 percent). The dollar was trading against the Indian rupee at Rs 53.66, versus the Malaysian ringgit, the US currency was at 3.0500 and the greenback was 6.253 in relation to the Chinese yuan.
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Open Buying Rs 95.20
Open Selling Rs 95.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs 95.39
Offer Rate Rs 95.42
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RUPEE IN LAHORE: The Pak rupee drifted higher against the greenback, as it appreciated 20-paisa on buying side at 95.15 and 05-paisa on selling side at Rs 95.50 at the open currency markets of Lahore on Monday.
The dollar resumed trading at Rs 95.25 (buying) and Rs 95.60 (selling) against Saturday's rate of Rs 95.35 and Rs 95.55. In the wake of lackluster activity in the local kerb, the dollar moved down and closed at Rs 95.15 and Rs 95.50 on buying and selling counters, respectively. The British pound lost its worth against the local currency. Pound Sterling was purchased and sold at Rs 150.85 and Rs 151.60 as against Rs 151.50 and Rs 152.50 on Saturday.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 95 (buying) and Rs 95.6 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 95 (buying) and Rs 95.6 (selling). Pound Sterling opened at Rs 151.9 (buying) and Rs 153 (selling) against the same last rate. It did not observe further change in the evening session and closed at Rs 151.9 (buying) and Rs 153 (selling). The buying and selling rates of Euro remained Rs 122.4 and Rs 123.6 respectively in both morning and evening sessions.
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