The rupee was almost unchanged against the dollar on the inter-bank market on Monday, while it gained modest ground versus the greenback on the open market, dealers said.
INTER-BANK MARKET RATES: The rupee was unmoved in terms of the dollar for buying and selling at Rs 138.89 and Rs 138.90 respectively, they said.
OPEN MARKET RATES: The national currency appreciated by 30 paisas in relation to the dollar for buying and selling at Rs 139.00 and Rs 139.50 respectively, they said. The rupee, however, shed 40 paisas against the euro for buying and selling at Rs 157.80 and 159.60 respectively, they said.
In the first Asian trade, the dollar slid almost half a percent against the euro and the yen on Monday after soft US payrolls data fuelled speculation that the Federal Reserve may stop raising interest rates after a highly likely move next week.
The Chinese yuan dipped after weak trade and inflation data over the weekend, while the British pound hit an 11-week low against the euro as Prime Minister Theresa May's deal to exit the European Union looks set to be rejected by parliament on Tuesday.
The dollar was trading against the Indian rupee at Rs 70.800, the greenback was at 4.165 in terms of the Malaysian ringgit and the US currency was at 6.885 versus the Chinese yuan.
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Open Bid Rs.139.00
Open Offer Rs.139.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.138.89
Offer Rate Rs.138.90
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RUPEE IN LAHORE: The Pak rupee recovered its earlier losses versus the US dollar on the local currency market on Monday.
Following lack of buyers' interest in the market, the dollar resumed trading on a negative and ended lower for buying and selling at Rs 193.20 and Rs 140.00 against the last closing trend of Rs 139.20 and Rs 140.20 respectively, local currency dealers said.
Moreover, the national currency depreciated by 20 paisas against the pound sterling for buying at Rs 175.50 against the Saturday's closing rate of Rs 175.30 whereas it firmly sustained its opening trend for selling at Rs 176.70, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 10 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 139.40(buying) and Rs 139.50(selling) against last rate of Rs 139.30(buying) and Rs 139.40(selling). It closed at Rs 139.40(buying) and Rs 139.50(selling).
The buying and selling rates of one tola of gold remained Rs 64,550(selling) and Rs 64,000(buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.
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