A kind of firmness prevailed on the money market on Monday as the rupee held week-end's levels against the dollar on Monday in the process of trading, money experts said. The rupee was almost inert in terms of the dollar for buying and selling at Rs 115.61 and Rs 115.62 respectively, they said.
INTER-BANK MARKET RATES: In the first Asian trade, the dollar dipped on Monday as markets weighed the impact of strikes on Syria by the United States and its allies at the weekend, although losses were limited as the military action did not result in broad risk aversion.
The United States, France and Britain launched missiles targeting what the Pentagon said were chemical weapons facilities in Syria on Saturday, in retaliation for a suspected poison gas attack on April 7.
The dollar index against a basket of six major currencies eased 0.05 percent to 89.741. The US currency was 0.1 percent lower at 107.245 yen after a brief rise to 107.610. It was within reach of a near two-month high of 107.780 yen set on Friday.
"The reaction in currencies has been limited as President Trump had provided advance notice about a possible strike on Syria, giving speculators ample time to brace for the actual event," said Yukio Ishizuki, senior forex strategist at Daiwa Securities.
The dollar was trading against the Indian rupee at Rs 65.403, the greenback was available at 3.888 versus the Malaysian ringgit and the US currency was at 6.284 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 82.98-82.98 (Previous 82.98-82.98).
OPEN MARKET RATES: The rupee was unchanged in relation to the dollar for buying and selling at Rs 116.50 and Rs 116.80 respectively, they said. The rupee, however, lost 75 paisas versus the euro for buying and selling at Rs 142.75 and Rs 144.25 respectively, they added.
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Open Bid Rs.116.50
Open Offer Rs.116.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Bid Rate Rs.115.61
Offer Rate Rs.115.62
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RUPEE IN LAHORE: The Pak rupee witnessed divergent trend in terms of trading against the greenback in the local currency market on Monday.
According to currency dealers, the greenback resumed trading on a divergent note amidst fluctuating demand and supply situation. At the close, the greenback ended for buying and selling at Rs 116.55 and Rs 116.80 as compared to the last closing trend of Rs 116.30 and Rs 116.90 respectively, they added.
In addition, the national currency registered a drastic decline versus the pound sterling. Resultantly, the pound's buying and selling rates rose from Saturday's closing of Rs 164.30 and Rs 165.30 to Rs 165.40 and Rs 166.40 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 10 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 116.60 (buying) and Rs 116.70 (buying) against last rate of Rs 116.70 (buying) and Rs 116.80 (buying). It closed at Rs 116.60 (buying) and Rs 116.70 (buying).
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