The rupee fell sharply against the dollar in the interbank market, it, however, moved with slight gains in the open market on Monday, dealers said. The rupee depreciated by Rs 32 paisa versus the dollar for buying and selling at Rs 101.40 and Rs 101.45, they said.
INTERBANK MARKET RATES: Slight rise was seen in dollar’s demand, which caused fall in value of the rupee in the interbank market, in the meantime, no major change was witnessed between the interbank and open market rates, they said.
OPEN MARKET RATES: The rupee gained 10 paisa in terms of dollar for buying and selling at Rs 101.40 and Rs 101.60, they said. The rupee, however, shed 25 paisa in relation to the euro for buying and selling at Rs 114.75 and Rs 115.00, they said. In the first Asian trade, the yen briefly touched a two-week high versus the dollar on Monday, while commodity currencies were fragile as worries about the health of the Chinese economy added to unease following a sell-off on Wall Street.
The dollar slid to a two-week low of 116.64 yen in early trade, its lowest since January 16, down from around 117.52 late in New York on Friday. Dollar buying by Japanese importers helped the exchange rate back to 117.74 yen, but analysts say the dollar looks vulnerable after data showed on Friday the US economy slowed in the fourth quarter, driving Treasury yields to new lows.
The dollar was trading against the Indian rupee at Rs 61.84, the greenback was at 3.6290 in terms of the Malaysian ringgit and the US currency at 6.2593 versus the Chinese yuan. Inter bank buy-sell rates for the taka against the dollar on Monday. 77.80-77.80. (previous 77.80-77.80). Call Money Rates: 07.00-09.00 percent (Previous 07.00-09.25 percent).
Open Bid Rs.101.40
Open Offer Rs.101.60
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.101.40
Offer Rate Rs.101.45
RUPEE IN LAHORE: The Pak rupee-dollar parity stayed unchanged amid sluggish trading trend on the local currency market on Monday.
According to the currency dealers, the dollar resumed trading at its last week closing of Rs 101.65 and Rs 101.90 as its buying and selling rate, respectively. The dollar did not observe any change during the day’s trading, as it was ended at the opening level, the dealers said.
However, the rupee remained under pressure and lost it worth against the pound sterling. Because of increasing demand, the pound was improved from last Saturday closing of Rs 152.55 and Rs 152.80 on buying and selling counter to Rs 152.75 and Rs 153.00, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 100.75 (buying) and Rs 101 (selling) against last rate of Rs 101 (buying) and Rs 101.25 (selling). It did not observe further change in the second session and closed at Rs 100.75 (buying) and Rs 101 (selling).
Pound Sterling opened at Rs 152 (buying) and Rs 153 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 152 (buying) and Rs 153 (selling).