The dollar extended its weekend gains against the rupee on the money market on Monday in the process of trading, dealers said. The rupee lost 17 paisa versus the dollar for buying and selling at Rs 107.08 and Rs 107.10, respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also shed five paisa in relation to the dollar for buying and selling at Rs 107.45 and Rs 107.65, they added. The rupee dropped by 30 paisa in terms of the euro for buying and selling at Rs 144.30 and Rs 144.55, they said.
In the first Asian trade, the euro touched a six-week low on Monday after suffering its biggest drop in over a year last week as pressure mounted on the European Central Bank to cut interest rates to shore up growth. The euro skidded below chart support around $1.3460/80 and fell to as low as $1.3442 on trading platform EBS, its lowest level since September 18. It later trimmed its losses and was last down 0.1 percent on the day at $1.3478.
The rupee was trading against the Indian rupee at Rs 61.74, the greenback was at 3.1760 in terms of the Malaysian ringgit and the US currency was at 6.099 against 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: 06.50-07.75 percent (previous 05.50-07.80 percent).
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Open Bid Rs 107.08
Open Offer Rs 107.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs 107.45
Offer Rate Rs 107.65
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RUPEE IN LAHORE: The rupee remained under pressure in relation to the greenback on the local currency markets on Monday.
According to the currency dealers, the greenback was opened on a healthy note and maintained upward move following fresh demand. Finally, the greenback was ended higher at Rs 107.40 and Rs 107.65 as its buying and selling side against the last Saturday closing of Rs 107.30 and Rs 107.55, respectively, the dealers said.
On the contrary, the rupee showed stability and stayed unchanged on buying side (Rs 107.20) while it was improved on selling side (Rs 107.65) against the pound sterling. The pound was closed at Rs 107.20 and Rs 107.65 compared with last week closing of Rs 170.20 and Rs 171.20, respectively, they added.
On the contrary, the rupee continued rising trend and was further appreciated against the British pound. The pound's buying and selling rates were declined from the Wednesday closing of Rs 150.00 and Rs 151.00 to Rs 149.50 and Rs 149.75, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 106.60 for buying and Rs 106.70 for selling against last rate. It observed no change in the second session and closed at Rs 106.60 for buying and Rs 106.70 for selling. Pound Sterling opened at Rs 169 for buying and Rs 169.50 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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