THE RUPEE: rates move both ways

The rupee moved both ways against the dollar on the money market on Monday in the process of trading, dealers said. The rupee lost 45-paisa in terms of the dollar for buying and selling at Rs 97.75 and Rs 97.80 respectively, they said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, gained 15-paisa versus the dollar for buying at Rs 99.25 and it also picked up 10-paisa for selling at Rs 99.50, the said. The rupee followed the same path against the euro, recovering 50 paisa for buying and selling at Rs 136.75 and Rs 137.00, they said.

In the first Asian trade, the dollar edged higher versus the yen, though a tense situation in Ukraine was likely to keep traders on their toes, with some markets still closed for the Easter holiday. The dollar rose to its highest level in nearly two weeks against the yen after data showed Japan logged a record trade deficit in the fiscal year that ended in March.

It last stood at 102.61 yen, up 0.2 percent, after rising as high as 102.71 yen. The dollar was trading against the Indian rupee at Rs 60.36, the greenback was at 3.2465 in terms of Malaysian ringgit and the US dollar was available at 6.2253 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 77.65-77.66 (77.6550-77.6550). Call Money Rates: 07.00-08.25 percent (previous 06.75-08.25 percent).

Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.

RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged on buying side at Rs 99.50, while it lost 25-paisa on selling side at Rs 100.00 in relation to the greenback on the local currency market on Monday.

According to the currency dealers, because of fresh demand, the dollar’s rate moved up from Rs 99.75 of last Saturday to Rs 100.00 on selling counter. However, its rate remained unchanged on buying counter at Rs 99.50. The national currency also remained weak, as it was depreciated against the British pound. The pound was purchased and sold at Rs 166.00 and Rs 167.00 compared with last week closing of Rs 166.10 and Rs 166.35, respectively, the dealers said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Monday. The dollar opened at Rs 98.50 for buying and Rs 98.60 for selling against same last rate. It did not observe further change in the second session and closed at Rs 98.50 for buying and Rs 98.60 for selling. Pound Sterling opened at Rs 165 for buying and Rs 165.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.

Recorder Report