The rupee was down versus the dollar on the interbank market, while the national currency was unchanged on the money market on Monday in the process of trading, dealers said. The rupee extended weekend’s slide against the dollar on the interbank market on quarter-end payment, currency experts said. Hopefully, the rupee-dollar parity rates may stabilise in days to come, they added.
INTERBANK MARKET RATES: The rupee fell versus the dollar, losing 43-paisa for buying at Rs 98.48 and it also lost 44-paisa for selling at Rs 98.52, they said.
OPEN MARKET RATES: The rupee did not move any side in relation to the dollar for buying and selling at Rs 99.90 and Rs 100.10, they said. The rupee was unchanged in terms of the euro for buying at Rs 138.25, but it gained 25-paisa for selling at Rs 138.50, they said.
In the first Asian trade, the yen struggled to gain traction versus the dollar and touched a fresh six-year low against the New Zealand dollar on Monday as demand for the safe-haven currency waned amid hopes of more stimulus from China.
The dollar held steady at 102.84 yen, staying above Friday’s session low near 102.03 yen. The New Zealand dollar rose as far as 89.26 yen earlier on Monday, a level not seen since November 2007 The dollar was trading against the Indian rupee at Rs 59.91, the greenback was at 3.2660 in terms of the Malaysian ringgit and the US currency was at 6.2216 versus the Chinese yuan.
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
RUPEE IN LAHORE: The Pak rupee remained under pressure and was declined against both the major currencies including US dollar and British pound on the local currency market on Monday.
According to the currency dealers, the dollar was opened on a healthy note and kept on moving up following fresh buying. At close, the dollar was ended higher at Rs 100.50 and Rs 101.50 as its buying and selling rates against the last Saturday closing of Rs 100.10 and Rs 100.50, respectively, the dealers said.
The rupee also remained weak and lost 10 paisa on buying side and 35-paisa on selling side against the pound sterling. The pound was purchased and sold at Rs 167.10 and Rs 168.00 compared with last week closing of Rs 167.00 and Rs 167.65 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 100 for buying and Rs 100.10 for selling against same last rate. It did not observe further change in the second session and closed at Rs 100 for buying and Rs 100.10 for selling.
Pound Sterling opened at Rs 165 for buying and Rs 165.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.