The rupee failed to sustain weekend levels against the dollar on the money market on Monday in process of trading, currency experts said. The rupee shed one paisa versus the dollar for buying and selling at Rs 110.58 and Rs 110.59 respectively, they said.
INTER-BANK MARKET RATES: In the first Asian trade, the dollar slipped on Monday, losing some of its recent momentum as US bond yields sagged, although moves were tempered by caution ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony.
The dollar index, which measures the greenback against a basket of six major rivals, eased 0.1 percent to 89.775. It gained nearly 0.9 percent last week and pulled away from a three-year low near 88.25 set on Feb 16.
Against the yen, the dollar eased 0.3 percent to 106.61 yen. There was talk of dollar-selling by Japanese exporters ahead of the month-end.
The dollar was trading against the Indian rupee at Rs 64.635, the greenback was at 3.907 versus the Malaysian ringgit and the US currency was available at 6.312 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 82.94-82.96 (Previous 82.94-82.94).
OPEN MARKET RATES: The rupee dropped 10 paisas in terms of the dollar for buying at Rs 112.00, and it also shed five paisas for selling at Rs 112.25, they said.
The rupee lost 75 paisas in relation to the euro for buying and selling at Rs 137.50 and Rs 139.00 respectively, they added.
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Open Bid Rs.112.00
Open Offer Rs.112.25
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.110.58
Offer Rate Rs.110.59
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RUPEE IN LAHORE: The Pak rupee remained unchanged on buying side while it depreciated on selling side in relation to the greenback in the local currency market on Monday.
The greenback resumed trading on its last closing of Rs 112.00 and Rs 112.30 as its buying and selling rates, respectively. At the close, it firmly held its opening trend for buying at Rs 112.00. However, it appreciated by 20 paisas for selling at Rs 112.50, local currency dealers said.
Furthermore, the local currency remained under pressure in process of trading versus the British pound. Resultantly, the pound's buying and selling rates further slipped from Saturday's closing of Rs 155.30 and Rs 156.10 to Rs 155.90 and Rs 156.80 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar showed an improvement of 10 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 111.95 (buying) and Rs 112 (selling) against last rate of Rs 111.85 (buying) and Rs 111.95 (selling). It closed at Rs 111.95 (buying) and Rs 112 (selling) by the end of evening session.
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