THE RUPEE: little changes

The rupee almost managed to hold the present levels against the dollar on the money market on Monday in process of trading activity, dealers said. The rupee held the last level versus the dollar for buying Rs 112.00, while the national currency shed 10 paisas for selling at Rs 112.40, they said. While, the rupee picked up 35 paisas in terms of the euro for buying and selling at Rs 136.60 and Rs 138.60, they added.
OPEN MARKET RATES: INTER-BANK MARKET RATES: The rupee sustained its week-end levels in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55, they said.
In the first Asian trade, the dollar regained some footing on Monday after slipping earlier on a US government shutdown, supported by higher Treasury yields, while investors took a relatively calm view of the Washington wrangling.
The dollar's index against a basket of six other major currencies initially dipped to hit 90.155 but was last up 0.07 percent at 90.634, managing to hold above the three-year trough of 90.113 set on Thursday.
The euro was mostly flat at $1.2227 after dipping to$1.2275, and failing to regain a three-year peak of $1.2323 that it scaled on Wednesday.
The dollar was trading against the Indian rupee at Rs 63.913, the greenback was at 3.939 against the Malaysian ringgit and the US currency was 6.408 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 82.90-82.90 (Previous 82.88-82.88).

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Open Bid       Rs 110.54

Open Offer     Rs 110.55

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

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Bid Rate       Rs 112.00

Offer Rate     Rs 112.40

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RUPEE IN LAHORE: The Pak rupee recovered its earlier losses versus the US dollar in the local currency market on Monday.
According to currency dealers, the dollar commenced trading on a pessimistic note following lack of buyers' interest in the market. Consequently, it slipped by 10 paisas and ended at Rs 111.90 and Rs 112.25 for buying and selling, respectively, as compared to the last closing trend of Rs 112.00 and Rs 112.35 respectively, they added.
On the contrary, the local currency registered reduction in relation to the pound sterling.
The pound's buying and selling rates rose from Saturday's closing of Rs 153.70 and Rs 154.50 to Rs 154.40 and Rs 155.30 respectively, they said.
Copyright Business Recorder, 2018