Volatility dominated the money market on Monday as political instability persisted and under the circumstances, no one is able to predict about return of normalcy in the country, dealers said.
INTER-BANK MARKET RATES: The rupee could not hold its firmness against the dollar, as it was down by 75-paisa for buying at Rs 102.50 and it also lost 65-paisa for selling at Rs 102.55, they said.
OPEN MARKET RATES: The rupee also fell by 50-paisa in relation to the dollar for buying and selling at Rs 102.00 and Rs 102.20, and it also depreciated by 75-paisa against the euro for buying and selling at Rs 133.50 and Rs 133.75, they said.
In the first Asian trade, the euro hit a fresh one-year low, as heightened worries about the crisis in Ukraine kept the currency on the defensive ahead of a European Central Bank policy meeting later this week. The euro fell as far as $1.3119, reaching lows not seen since early September 2013. It last traded at $1.3125, down 0.1 percent on the day.
The dollar was trading against the Indian rupee at Rs 60.49, the greenback was at 3.1500 in terms of the Malaysian ringgit and the US currency was available at 6.1405 versus the Chinese yuan.
Inter bank buy-sell rates for the taka against the dollar on Sunday: 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.50-06.75 percent (Previous 05.40-06.75 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
RUPEE IN LAHORE: The rupee was depreciated 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 throughout the day. At close of trading, the dollar recorded considerable gain and was ended at Rs 102.10 and Rs 102.35 on buying and selling side against Rs 101.50 and Rs 101.75 of last Saturday, respectively.
Similarly, the Pak rupee remained under pressure and was declined against the pound sterling. The pound’s buying and selling rates were improved from last week closing of Rs 168.00 and Rs 168.25 to Rs 168.80 and Rs 169.05, respectively, the dealers said.
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 102.00 (buying) and Rs 102.10 (selling) against last rate. It did not observe further change in the second session and closed at Rs 102.00 (buying) and Rs 102.10 (selling).
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).