A slight decline was seen in the value of rupee against the dollar on the money market on Monday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee slipped by one-paisa versus the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
At the week-end, the US dollar tumbled against a basket of major currencies on Friday while hitting a three-week high against the Mexican peso on US political uncertainty after the FBI said it would review more emails related to Democratic presidential candidate Hillary Clinton's private email use.
The reports added a new twist to the US presidential campaign with just 11 days to go before Election Day on November 8. Analysts said the dollar's losses against major rivals were largely on renewed uncertainty over the outcome of the election, since traders were largely expecting a Clinton victory.
Markets have tended to see Clinton as the candidate of the status quo, while there is greater uncertainty over what a victory for Republican presidential candidate Donald Trump might mean for US foreign policy, international trade deals or the domestic economy.
OPEN MARKET RATES: The rupee shed 10 paisas in terms of the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, while it shed 60 paisas in relation the euro for buying and selling at Rs 116.00 Rs 117.50 respectively, they said.
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Open Bid Rs.105.90
Open Offer Rs.106.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.104.84
Offer Rate Rs.104.85
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RUPEE IN LAHORE: The Pakistani rupee failed to hold its strength and lost 10-paisa against the greenback in the local currency market on Monday.
According to currency dealers, the greenback resumed trading on a positive note and kept moving up during the day's trading session. In the presence of buyers' interest, the greenback ended higher at Rs 106.10 and Rs 106.30 on buying and selling sides, respectively, as compared to the last week closing of Rs 106.00 and Rs 106.20, respectively, they added.
On the other hand, the rupee recovered its earlier losses and improved its worth versus the pound sterling. The pound's buying and selling rates declined from the Saturday's closing of Rs 128.75 and Rs 129.40 to Rs 128.50 to Rs 129.30, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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