The rupee showed a divergent trend against the dollar on the money market on Monday in the process of trading, dealers said. The rupee posted a fresh gain of 13-paisa in terms of the dollar for buying and selling at Rs 101.67 and Rs 101.70 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, shed 10-paisa against the dollar for buying and selling at Rs 101.90 and Rs 102.10 respectively. It also drifted lower versus the euro for buying and selling at Rs 110.80 and Rs 111.05, they said.
In the first Asian trade, the dollar held up after soaring on an upbeat US jobs report that boosted expectations for an early interest rate hike, while it sat at near 12-year highs against the euro as the European Central Bank prepares to launch a massive stimulus programme.
In Tokyo, the greenback bought 121.04 yen, up from 120.78 yen on Friday in New York, while the euro bought $1.0840 compared with $1.0842. The euro firmed to 131.24 yen against 130.95 yen. The dollar also jumped against some emerging market currencies, hitting a 17-year high against the Indonesian rupiah.
The dollar was trading against the Indian rupee at Rs 62.66, the greenback was at 3.6845 in relation to the Malaysian ringgit and the US currency was at 6.2653 versus 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: 07.00-8.00 percent (Previous 07.00-08.00 percent).
Open Bid Rs 101.90
Open Offer Rs 102.10
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs 101.67
Offer Rate Rs 101.70
RUPEE IN LAHORE: The national currency showed stability and remained unchanged against the US dollar and British pound on the local currency market on Monday.
According to the currency dealers, the dollar commenced trading at its last Saturday closing of Rs 101.90 and Rs 102.15 as its buying and selling rate, respectively. The dollar did not observe any change in its rate during the day’s trading.
Similarly, the rupee stayed unchanged against the pound sterling that was traded at its last week closing of Rs 152.75 and Rs 153.00 on buying and selling counter, respectively, the dealers 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 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling). Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).