The rupee depreciated against the dollar. However, gained sharply versus the euro on the local money market on Monday in the process of trading, dealers said. The rupee shed six paisa in terms of a dollar for buying and selling at Rs 100.83 and Rs 100.85, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also fell by 10 paisa versus the dollar for buying and selling at Rs 100.80 and Rs 101.00, they said. The rupee, however, went up sharply in relation to the euro, picking up Rs 1.25 for buying and selling at Rs 119.50 and Rs 119.75, they said.
In the first Asian trade, the euro fell to a nine-year low against the dollar on Monday as bets mounted on a further decline for the currency, faced with the possibility of more monetary easing by the European Central Bank (ECB) and its diminishing status as a reserve currency.
The euro was already battered after ECB President Mario Draghi late last week underscored the divergence between European and US monetary policy, set to remain a key theme in 2015. The dollar was trading against the Indian rupee at Rs 63.37, the greenback was at 3.5400 in terms of the Malaysian ringgit and the US currency was at 6.2205 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday. 77.95-77.95 (previous 77.95-77.95). Call Money Rates: 08.00-09.90 percent (Previous 07.00-09.90 percent).
Open Bid Rs.100.80
Open Offer Rs.101.00
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.100.83
Offer Rate Rs.100.85
RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged against the US dollar on the local currency market on Monday.
According to the currency dealers, the dollar commenced trading at its last week closing of Rs 100.75 and Rs 101.00 as its buying and selling rates, respectively. The dollar did not observe any change in its demand and supply situation during the day. As a result, the opening rates continued to prevail till close of trading, the dealers said.
Likewise, the rupee-pound sterling parity stayed unchanged amid low trading activity. The pound was traded at its last Saturday closing of Rs 156.00 and Rs 156.25 on buying and selling side, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).