The rupee moved both ways on the money market on Monday in the process of trading, dealers said. The rupee inched up by one-paisa in terms of the dollar for buying and selling at Rs 101.83 and Rs 101.84 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee shed five-paisa against the dollar for buying at Rs 103.00 while it lost 20-paisa for selling at Rs 103.20, however it fell by 60-paisa in terms of the euro for buying and selling at Rs 112.60 and Rs 113.60 respectively, they said.
In the first Asian trade, the dollar flagged against the euro and yen after a drop in US shares and bond yields dimmed its allure, with markets focused on whether the upcoming Federal Reserve policy meeting can shore up the greenback. The euro rose 0.2 percent to $1.1000, having gained about 1.4 percent last week.
The euro has lost as much as 5 percent against the dollar since mid-June on Greek debt worries and the divergence of US and European monetary policies, but a technical correction to the dollar’s rally gave the euro a breather last week.
The dollar was available against the Indian rupee at Rs 64.05, the greenback was at 3.8130 in terms of the Malaysian ringgit and the US currency was at 6.2096 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: 05.30-6.50 percent (Previous 05.30-06.50 percent).
Open Bid Rs.103.00
Open Offer Rs.103.20
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.101.83
Offer Rate Rs.101.84
RUPEE IN LAHORE: The rupee appreciated its worth in relation to the greenback on the local currency market on Monday.
The rupee gained 40 paisas versus the dollar for buying and selling at Rs 102.80 and Rs 103.05 against Rs 103.20 and Rs 103.45 of Friday. The rupee lost its worth against the pound sterling whose buying and selling rate improved from the previous closing of Rs 158.30 and Rs 159.20 to Rs 158.50 and Rs 159.25, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 102 (buying) and Rs 102.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 102 (buying) and Rs 102.20 (selling). Pound Sterling opened at Rs 157 (buying) and Rs 157.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 157 (buying) and Rs 157.50 (selling).