The dollar crossed the barrier of Rs 102 versus the rupee on the interbank market on Monday in the process of trading, dealers said. The rupee lost 50 paisa in relation to the dollar for buying and selling at Rs 101.90 and Rs 102.00 respectively, dealers said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, gained 50 paisa in terms of the greenback for buying and selling at Rs 103.00 and Rs 103.25, they said. The rupee also picked up rupee one against the euro for buying and selling at Rs 135.50 and Rs 135.75 respectively, they said.
In the first Asian trade, the dollar slumped to a one-month low against the yen on Monday, reflecting expectations that the Federal Reserve will offer forward guidance this week that it intends to keep interest rates low for some time. The dollar index, which shed 1.2 percent last week for its third straight weekly loss, is holding just above a key chart support, a break of which could spur more loss-cutting in holiday-thinned trade.
The dollar was trading against the Indian rupee at Rs 59.37, the greenback was at 3.2245 in terms of the Malaysian ringgit and the US currency was available at 6.1325 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 77.75-77.75 (77.75-77.75). Call Money Rates: 07.25-07.50 percent (previous 07.00-08.00 percent).
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Open Bid Rs 103.00
Open Offer Rs.103.25
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.101.90
Offer Rate Rs.102.00
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RUPEE IN LAHORE: The national currency showed strength and was appreciated against both the major currencies- US dollar and pound sterling on the local currency market on Monday.
According to the currency dealers, the dollar was opened on a depressed note and remained under pressure throughout the day. On close of trading, the dollar was ended lower at Rs 103.00 and Rs 103.40 as its buying and selling rates against Rs 103.70 and Rs 104.40 of last Saturday, respectively. Likewise, the rupee remained strong and improved its worth against the pound sterling. The pound's buying and selling rates were slide down from last week closing of Rs 158.00 and Rs 159.00 to Rs 156.00 and Rs 156.80, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed a recovery of Re 1 on the open currency markets of Islamabad and Rawalpindi here on Monday. The dollar opened at Rs 103 for buying and Rs 103.25 for selling against last rate of Rs 104 for buying and Rs 104.25 for selling. It did not observe further change in the second session and closed at Rs 103 for buying and Rs 103.25 for selling. Pound Sterling opened at Rs 155 for buying and Rs 155.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.
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