THE RUPEE: no big changes

The rupee moved with little changes against the dollar on the money market on Monday in the process of trading, dealers said. The rupee shed three paisa in relation to the dollar for buying and selling at Rs 105.45 and Rs 105.49, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee did not show any variation against the dollar for buying and selling at Rs 105.50 and Rs 105.70, they said.
The rupee gained 10 paisa versus the euro for buying and selling at Rs 115.50 and Rs 116.50, they added. In the first Asian trade, the US dollar edged down, as investors' appetite for risk evaporated against a background of downbeat Chinese factory surveys.
The Australian dollar, a proxy for China plays because of that country's massive trade exposure to China, touched its session high of $0.7148 immediately after the release of the Caixin-Markit China Manufacturing Purchasing Managers' Index (PMI).
The index edged up to 48.3 in October from 47.2 in September and showed that export orders marked their first rise since June. The dollar was trading against the Indian rupee at Rs 65.51, the greenback was at 4.2900 versus the Malaysian ringgit and the US currency was at 6.336 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 78.07-78.10 (previous 78.05-78.05).

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Open Bid       Rs.105.50

Open Offer     Rs.105.70

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.

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Bid Rate       Rs.105.45

Offer Rate     Rs.105.49

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RUPEE IN LAHORE: The Pak rupee remained weak in relation to the greenback on the local currency market on Monday. According to the currency dealers, the dollar resumed trading on a positive sign and registered marginal gain following fresh buying. At close, the dollar ended at Rs 105.55 and Rs 105.90 as its buying and selling rate against the previous closing of Rs 105.50 and Rs 105.85, respectively.
The rupee also remained under pressure and kept on declining against the pound sterling during the entire day's trading. The pound's buying and selling rate improved from the last Friday closing of Rs 161.00 and Rs 161.70 to Rs 162.00 and Rs 162.80, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Monday. The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling). Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
Copyright Business Recorder, 2015