THE RUPEE: little changes

Minor changes were seen on the money market on Monday in the process of trading, dealers said. The rupee showed slight changes in relation to the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, dealers said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee shed five paisas versus the dollar for buying and selling at Rs 105.75 and Rs 105.95 respectively, while 10 paisas against the euro for buying and selling at Rs 117.60 and Rs 118.60 respectively, they added.
In the first Asian trade, the dollar pulled away from lows it hit following disappointing US growth figures late last week, while the yen pared some of the large gains it made after the Bank of Japan unveiled a much smaller stimulus than was expected. The dollar index, which tracks the greenback against a basket of six peers, was up 0.1 percent at 95.578, crawling away from its Friday low of 95.384, its lowest since July 5.
The dollar was trading versus the Indian rupee at Rs 66.73, the greenback was a 4.0245 in relation to the Malaysian ringgit and the US currency was at 6.6338 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 78.40-78.40 (previous 78.40-78.40).

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Open Bid       Rs.105.75

Open Offer     Rs.105.95

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

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Bid Rate       Rs.104.85

Offer Rate     Rs.104.86

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RUPEE IN LAHORE: The Pak rupee showed strength against the major currencies on the local currency market on Monday. The dollar commenced trading on a negative note and remained under selling pressure. At close, the dollar's rate slid further to Rs 105.40 and Rs 106.20 on the buying and selling sides compared with Saturday's closing of Rs 105.70 and Rs 105.95, currency dealers said.
Versus the pound sterling, the rupee followed the same pattern. The pound's buying and selling rates declined from the previous closing of Rs 139.50 and Rs 140.20 to Rs 138.39 and Rs 140.12, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency establishments of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 104.50 (buying) and Rs 105 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 104.50 (buying) and Rs 105 (selling). Pound Sterling opened at Rs 137.50 (buying) and Rs 138 (selling). It did not observe further change in the second session and closed at Rs 137.50 (buying) and Rs 138 (selling) by the end of second session.
Copyright Business Recorder, 2016