The rupee firmly held its week-end levels against the dollar on the local money market on Monday, dealers said. The rupee shed one-paisa versus the dollar for buying at Rs 98.61, however it gained two-paisa for selling at Rs 98.63, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee depicted no variation in terms of the dollar for buying and selling at Rs 99.70 and Rs 99.85 respectively, dealers said. The rupee recovered 10-paisa in relation to the euro for buying at Rs 135.50 and the local currency appreciated by 15 paisa for selling at Rs 135.75, they said.
In the first Asian trade, the dollar edged higher against the yen thanks to upbeat US employment data while the euro stood firm after rebounding from multi-month lows, continuing to shake off the impact from the European Central Bank’s monetary easing last week.
The dollar rose 0.1 percent to 102.57 yen, adding to gains made on Friday when data showed US non-farm payrolls increased by 217,000 last month, returning to its pre-recession level and offering confirmation the world’s largest economy has snapped back from a winter slump.
The dollar was at Rs 59.04 against the Indian rupee, the greenback was available at 3.1970 in terms of the Malaysian ringgit and the US currency was trading at 6.2391 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 77.63-77.6320 (previous 77.63-77.63). Call Money Rates: 06.00-07.25 percent (previous 05.50-07.25 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
RUPEE IN LAHORE: The Pak rupee remained weak and marginally declined by five-paisa in relation to the greenback on the local currency market on Saturday.
According to the currency dealers, the dollar resumed trading at its last week closing of Rs 99.60 and Rs 99.85 as its buying and selling rates, respectively. The dollar witnessed a slight increase in its demand that led its rate up to Rs 99.65 and Rs 99.90 on buying and selling side, respectively, the dealers said.
Similarly, the rupee remained under pressure and lost its worth against the British pound. The pound was purchased and sold at Rs 167.35 and Rs 167.60 compared with last Saturday closing of Rs 167.25 and Rs 167.50, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 98.50 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (selling).
Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.