The rupee showed mixed trend against the dollar on Monday in the process of trading activity, dealers said.
Commenting on the present trend in the market, money experts said during the day, at a time, the dollar was available around Rs 107.75 and it is most likely that the rupee may touch the level of Rs 108 versus the dollar.
If economic and political condition not improves, the dollar may depict further strength in terms of the rupee, they added.
According to market sources, some unauthorised dealers were selling dollars at higher rates.
INTER-BANK MARKET RATES: The rupee shed one paisa in relation to the dollar for buying and selling at Rs 105.42 and Rs 105.43 respectively, they said.
In the first Asian trade, the dollar edged away from last week's three-month highs, while the euro nursed losses after the European Central Bank and unrest in Spain's Catalonia led it to post its worst week this year.
The dollar index, which tracks the greenback against a basket of six major rivals, dipped 0.2 percent to 94.775 but remained not far from Friday's three-month high of 95.150.
The euro inched 0.1 percent higher to $1.1614, after plumbing a three-month low of $1.1574 on Friday, and losing 1.6 percent for the week, its worst performance in 11 months.
The dollar was trading against the Indian rupee at Rs 64.90, the greenback was at 4.237 versus the Malaysian ringgit and the US currency was available at Rs 6.644 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 80.85-80.87 (previous 80.85-80.85).
OPEN MARKET RATES: The rupee rose by 10 paisas versus the dollar for buying and selling at Rs 107.30 and Rs 107.50 respectively, while it lost 45 paisas in terms of the euro for buying at Rs 124.75 and 20 paisas for selling and Rs 126.00, they said.
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Open Bid Rs.107.30
Open Offer Rs.107.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.105.42
Offer Rate Rs.105.43
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RUPEE IN LAHORE: The Pak rupee moved both ways in terms of the US dollar in the local currency market on Monday.
Following divergent trend in the currency market, the dollar continued fluctuating on both sides throughout the trading session.
Consequently, it was ended for buying and selling at Rs 107.45 and Rs 107.70 against the last closing trend of Rs 107.30 and Rs 107.80 respectively, local currency dealers said.
However, the national currency failed to sustain as it registered reduction versus the pound sterling. The pound's buying and selling rates rose from Saturday's closing of Rs 140.20 and Rs 141.20 to Rs 140.90 and Rs 141.50 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 106.70 (buying) and Rs 107 (selling) against same last rate. It closed at Rs 106.70 (buying) and Rs 107 (selling).
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