A divergent trend was seen on the money market on Monday in the process of trading, dealers said. The rupee shed seven-paisa versus the dollar for buying at Rs 101.20 and it also dropped nine-paisa for selling at Rs 101.24, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee gained 10-paisa in relation to the dollar for buying and selling at Rs 101.40 and Rs 101.60 respectively, they said. The rupee rose by 10-paisa against the euro for buying and selling at Rs 114.50 and Rs 114.75 respectively, they said.
In the first Asian trade, the dollar dipped as traders sold into a rally triggered by robust US jobs data, while the Greek debt situation crept back into focus as Athens reaffirmed its rejection of an international bailout programme. The dollar index, an indication of its performance against a basket of key currencies, slipped 0.2 percent to 94.535. The euro edged up 0.2 percent to $1.1338, having lost about 1.5 percent on Friday when strong US employment figures helped rekindle views that the Federal Reserve will hike interest rates as early as June.
The dollar was trading against the Indian rupee at Rs 62.09, the greenback was at 3.5585 versus the Malaysian ringgit and the US currency was at 6.2495 in terms of the Chinese yuan. Interbank 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 07.00-09.00 percent).
BID Rs 101.40
OFFER Rs 101.60
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
BID Rs 101.20
OFFER Rs 101.24
RUPEE IN LAHORE: The national currency remained under pressure as it 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 positive note and registered marginal gain of five-paisa following fresh buying. At close of trading, the dollar was ended higher at Rs 101.65 and Rs 101.90 as its buying and selling rate against Rs 101.60 and Rs 101.85 of last Saturday, respectively, the dealers said.
Similarly, the rupee remained depressed and was declined against the pound sterling. The pound was traded at Rs 154.35 and Rs 154.60 on buying and selling counter compared with last week closing of Rs 154.25 and Rs 154.50, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar on 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).