The rupee managed to get rid of week-end’s vulnerability against the dollar on the money market on Monday in the process of trading, they said. The rupee recovered 10-paisa in relation to the dollar for buying and selling at Rs 101.90 and Rs 101.92 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also picked up 60-paisa versus the dollar for buying Rs 102.90 and it also gained 50-paisa for selling at Rs 103.50 respectively. The national currency followed the same track in terms of the euro, gaining 70-paisa for buying and selling at Rs 112.70 and Rs 113.70, they added.
In the first Asian trade, the euro was on the defensive after Greece missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default. The euro eased 0.4 percent to $1.0952, retreating from Friday’s high of $1.1006. Against the yen, it slipped to 135.95 from 136.49.
The dollar was trading against the Indian rupee at Rs 63.69, the greenback was at 3.6705 in terms of the Malaysian ringgit and the dollar was available at 6.1985 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: 05.30-6.75 percent (Previous 05.25-06.75 percent).
Open Bid Rs.102.90
Open Offer Rs.103.20
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.101.90
Offer Rate Rs.101.92
RUPEE IN LAHORE: The national currency has remained strong and appreciated against the major currencies including the dollar and the pound on the local currency market on Monday.
The dollar remained under selling pressure in the absence of buyers’ interest and ended lower to Rs. 103.20 and Rs. 103.50 for buying and selling against the last Saturday closing of Rs 103.65 and Rs 103.90.
Similarly, the rupee showed strength and improved against the pound sterling that was traded at Rs 157.00 and Rs 157.50 on buying and selling counter compared with previous closing of Rs 157.30 and Rs 158.30.
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).
Source: Business Recorder