The rupee moved both ways against the dollar on the money market on Monday in process of trading, dealers said. The rupee shed seven paisas versus the dollar for buying at Rs 138.93 and it also lost nine paisas for selling Rs at Rs 138.95, they said.
In the first Asian trade, the dollar rose against most of its peers on Monday, although heightened investor expectations that the Federal Reserve will not raise rates this year are most likely to cap the greenback's gains.
The Australian dollar and New Zealand dollar edged lower versus the dollar in early Asian trade, falling 0.2 percent and 0.1 percent, respectively.
Both currencies had gained around 1.5 percent versus the dollar last week as risk sentiment improved on hopes for both a US-Sino trade deal and more aggressive stimulus from Chinese policymakers to support its ailing economy.
The dollar index was at 95.68, marginally higher in early Asian trade.
The dollar was available against the Indian rupee at Rs 70.670, the US currency was at 4.094 in terms of the Malaysian ringgit and the greenback was at 6.756 in relation to the Chinese yuan.
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Open Bid Rs.138.80
Open Offer Rs.139.20
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Bid Rate Rs.138.93
Offer Rate Rs.138.95
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According to currency dealers, the demand and supply situation of the greenback did not witness any change as it firmly sustained its opening trend for buying and selling at Rs 138.50 and Rs 139.60, respectively, till close of trading.
However, the local currency failed to hold its strength as it registered reduction versus the pound sterling. The pound's buying and selling rates rose from the Saturday's closing of Rs 176.60 and Rs 177.80 to Rs 177.20 and Rs 178.50 respectively, they added.
The dollar opened at Rs 139.50(buying) and Rs 139.60 (selling) against last rate of Rs 138.90 (buying) and Rs 139 (selling). It closed at Rs 139.50 (buying) and Rs 139.60 (selling).
The buying and selling rates of one tola of gold was Rs 67,800 (selling) and Rs 67,5000 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.