Rates fell sharply against the dollar on the inter-bank market on Monday in the process of trading, dealers said. The rupee lost 20-paisa versus the dollar for buying and selling at Rs 102.08 and Rs 102.10 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee sustained its overnight levels in relation to the dollar for buying and selling at Rs 102.50 and Rs 102.70 respectively, while it also dropped slightly by five-paisa in terms of the euro for buying and selling at Rs 127.35 and Rs 127.60 respectively, they said.
In the first Asian trade, the dollar touched a more than seven year peak against the yen, while the Swiss franc slipped against the euro after voters rejected a plan for the central bank to boost its gold reserves. Gold prices tumbled after Swiss voters overwhelmingly rejected the proposal in a referendum, adding to a broad rout in commodities that also sent oil prices to five-year lows.
The dollar was trading against the Indian rupee at Rs 62.15, the greenback is at 3.4350 in terms of the Malaysian ringgit and the US currency was available at 6.148 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 77.72-77.72 (previous 77.70-77.70). Call Money Rates: 06.25-08.25 percent (Previous 06.25-08.25 percent).
Open Bid Rs.102.50
Open Offer Rs.102.70
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.102.08
Offer Rate Rs.102.10
RUPEE IN LAHORE: The Pak rupee remained under pressure and shed 35-paisa against the US dollar on the local currency market on Monday.
According to the currency dealers, the dollar commenced trading on a positive sign and registered gain following rising demand. As a result, the dollar was ended higher at Rs 102.75 and Rs 103.00 on buying and selling side against Rs 102.40 and Rs 102.65 of last Saturday, respectively, the dealers said.
Similarly, the rupee failed to continue last week upward move and lost its worth against the pound sterling. The pound was purchased and sold at Rs 160.35 and Rs 160.60 compared with last week closing of Rs 160.25 and Rs 160.50, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 102.30 (buying) and Rs 102.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 102.30 (buying) and Rs 102.40 (selling).
Pound Sterling opened at Rs 159 (buying) and Rs 160 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 159 (buying) and Rs 160 (selling).