The dollar managed to gain sharply in relation to the rupee on the money market in the process of trading, dealers said on Monday. The rupee came under pressure in terms of the dollar, dropping 45-paisa for buying at Rs 102.95 and it also shed 43-paisa for selling at Rs 102.98, they said. At a time, during the session, the rupee hit barrier of 103 versus the dollar, they added.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee depreciated versus the dollar, losing 40-paisa for buying and selling at Rs 102.75 and Rs 102.95 respectively, they said. The rupee also gave up 25-paisa against the euro for buying and selling at Rs 132.75 and Rs 133.00 respectively, they said.
In the first Asian trade, the greenback held just below a six-year peak of 107.39 yen set on Friday. The euro was steady at $1.2965, having drifted up from a 14-month trough of $1.2859 last week.
The Australian dollar slid to a six-month low as worries about slower Chinese growth hit a nerve, but other major currencies held their ground ahead of this week’s Federal Reserve policy meeting. The dollar was trading against the Indian rupee at Rs 61.00, the greenback was at 3.2100 versus the Malaysian ringgit and the US currency was at 6.1393 in relation to the Chinese yuan. Interbank buy-sell rates for the taka against the dollar on Monday: 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.50-07.00 percent (Previous 05.50-06.75 percent) (revised).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
RUPEE IN LAHORE: The national currency remained under pressure and was declined against 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 rising following fresh demand. At close of trading, the dollar was ended at Rs 102.65 and Rs 102.90 as its buying and selling rates against Rs 102.50 and Rs 102.75 of last Saturday, the dealers said.
Likewise, the Pak rupee was depreciated against the pound sterling that was traded at Rs 166.50 and Rs 166.75 on buying and selling counter compared with last week closing of Rs 166.25 and Rs 166.50, 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 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against.
Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).