The rupee extended its week-end’s firmness versus the dollar, showing no major change on the currency market in the process of trading, dealers said.
INTERBANK MARKET RATES: The rupee inched by one-paisa in relation to the dollar for buying and selling at Rs 101.85 and Rs 101.86 respectively, they said.
OPEN MARKET RATES: The rupee maintained its overnight levels against the dollar for buying and selling at Rs 102.40 and Rs 102.60 respectively. It gained 50-paisa further versus the euro for buying and selling at Rs 108.25 and Rs 108.50 respectively, they said
In the first Asian trade, the euro was on the defensive morning, pressured by the European Central Bank’s stimulus driving interest rates lower in the euro zone and on concerns over talks between debt-strapped Greece and its creditors over more funding for Athens.
The euro traded at $1.0615, flat on the day after having touched a 3 1/2-week low of $1.05670 to post its fifth straight day of losses on Friday.
The dollar was trading against the Indian rupee at Rs 62.31, the greenback was at 3.6730 versus the Malaysian ringgit and the US currency was at 6.2090 in relation to 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: 07.00-8.00 percent (Previous 07.00-08.00 percent).
Open Bid Rs.102.40
Open Offer Rs.102.60
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.101.85
Offer Rate Rs.101.86
RUPEE IN LAHORE: The rupee was strong as ever gaining five paisas against the US dollar on the local currency market on Monday.
The dollar began trading at its last Saturday closing of Rs 102.55 and Rs 102.80 as its buying and selling rate, respectively, and in the absence of buyers’ interest, the dollar failed to sustain and declined to Rs 102.50 and Rs 102.75 on the buying and selling side.
The rupee continued last week’s rising trend and showed strength against the pound sterling that was traded at Rs 149.50 and Rs 149.75 on buying and selling counter against previous closing of Rs 149.75 and Rs 150.00.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on 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).