In the interbank market, the rupee surrendered its gains against the dollar, while, the national currency managed to hold week-end levels in terms of the greenback, dealers said on Monday. The rupee dropped by 13 paisa versus the dollar for buying at Rs 98.87 and it also lost 14 paisa for selling at Rs 98.88, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not move any side in relation to the dollar for buying and selling at Rs 98.80 and Rs 99.00, they said. While, the rupee picked up 25 paisa against the euro for buying and it showed no change for selling at Rs 132.00 and Rs 132.72, they said.
In the first Asian trade, the US dollar hovered near six-month highs against a basket of major currencies on Monday, holding onto solid gains made last week as investors turned bearish on the euro. Caution limited its upside, however, ahead of key US economic data later this week and a US Federal Reserve meeting ending on Wednesday which many believe is likely to culminate in the same dovish message from Chair Janet Yellen.
The dollar was trading against the Indian rupee at Rs 60.10, the greenback was at 3.1730 in terms of the Malaysian ringgit and the US currency was available at 6.1863 versus the Chinese yuan.
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Open Bid Rs 98.80
Open Offer Rs 99.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.98.87
Offer Rate Rs.98.88
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RUPEE IN LAHORE: The national currency showed strength as it was improved against the major currencies including US dollar and British pound on the local currency market on Monday.
According to the currency dealers, the dollar was opened on a depressed note and remained under selling pressure ahead of Eid-ul-Fitr holidays. At close of trading, the dollar was ended lower at Rs 98.00 and Rs 98.25 as its buying and selling rates against Rs 98.90 and Rs 99.15 of last Saturday, respectively, the dealers said.
Similarly, the staged recovery and was appreciated against the pound sterling. The pound was traded at Rs 166.75 and Rs 167.00 at buying and selling counters compared with last week closing of Rs 167.50 and Rs 167.85, respectively, they added.
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 98.50 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (selling).
Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.
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