The rupee held the week-end levels against the dollar in the interbank market, it, however, moved up in the open market on Monday in process of trading, dealers said. The rupee was almost unchanged versus the dollar buying and selling at Rs 100.75 and Rs 100.77, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee picked up 20 paisa in terms of the dollar for buying and selling at Rs 100.80 and Rs 101.00, they said. The rupee also rose by 75 paisa in relation to the euro for buying and selling at Rs 118.75 and Rs 119.00, they said.
In the first Asian trade, the greenback eased slightly as dollar bulls struggled to get over their disappointment at a US payrolls report that showed an unexpected fall in wages.
A holiday in Japan combined with a dearth of market-moving economic news in the region ensured the dollar made no big moves. The dollar struck a one-week low of 118.12 yen, but by late morning in Asia it had steadied to 118.26, to stand just 0.2 percent weaker than levels seen in late US trading on Friday. The euro firmed to $1.1860, pulling away from a nine-year trough of $1.1754 plumbed on Thursday.
The dollar was trading against the Indian rupee at Rs 62.33, the greenback was at 3.5440 in relation to the Malaysian ringgit and the US currency was at 6.204 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday. 77.92-77.95 (previous 77.95-77.95). Call Money Rates: 07.00-09.50 percent (Previous 05.75-09.50 percent).
Open Bid Rs.100.80
Open Offer Rs.101.00
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.100.75
Offer Rate Rs.100.77
RUPEE IN LAHORE: The Pak rupee remained under pressure and was declined by 35-paisa in relation to the greenback 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 buyers’ interest. At close of trading, the dollar was ended higher at Rs 101.25 and Rs 101.50 as its buying and selling rates against Rs 100.90 and Rs 101.15 of last Saturday, respectively, the dealers said.
However, the rupee showed strength and was appreciated against the British pound. The pound’s buying and selling rates were declined from last week closing of Rs 150.75 and Rs 151.00 to Rs 150.50 and Rs 150.75, 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).