The rupee depicted no major changes against the dollar on the money market on Monday in the process of trrading activity, dealers said. The rupee shed one paisa in terms of the dollar for buying and selling at Rs 104.81 and Rs104.82 respectively, they said.
INTER-BANK MARKET RATES: In the first Asian, Most emerging Asian currencies inched lower on Monday, as the dollar held firm after a closely watched two-day US-Japan summit over the weekend did not unnerve markets by mentioning currency policy.
US President Donald Trump and Japanese Prime Minister Shinzo Abe appeared to have had a smooth meeting, allaying investor worries Trump would talk tough on trade, currency and security issues with a key Asian political ally. The dollar was available against the Indian rupee at Rs 66.97, the greenback was at 4.4470 in terms of the Malaysian ringgit and the US currency was trading at 6.8832 versus the Chinese yuan.
OPEN MARKET RATES: The rupee was almost unchanged in relation to the dollar for buying and selling at Rs 107.10 and Rs 107.30 respectively, however it gained Rs 2.10 versus the euro for buying and selling at Rs 113.65 and Rs 114.65 respectively, they said.
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Open Bid Rs.107.10
Open Offer Rs.107.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.104.81
Offer Rate Rs.104.82
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RUPEE IN LAHORE: The rupee showed strength as it recovered its earlier losses versus the US dollar in the local currency market here on Saturday.
According to currency dealers, the US dollar commenced trading on a depressed note and amidst lack of buyers' interest during the day's trading session. At the close, it slid to Rs 107.30 and Rs 107.50 on buying and selling counters as compared to the Saturday's closing rates of Rs 107.40 and Rs 107.70, respectively, they added.
However, the local currency remained unchanged on buying side while it appreciated on selling side against the pound sterling. The British currency was bought and sold at Rs 133.50 and Rs 134.30 against the last closing rates of Rs 133.50 and Rs 135.25, 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 108.10 (buying) and Rs 108.20 (selling) against same last rate. Dollar closed at Rs 108.10 (buying) and Rs 108.20 (selling).
Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at Rs 130 (buying) and Rs 131.50 (selling).
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