THE RUPEE: falling trend


The rupee extended its decline against the dollar on currency market on Monday in the process of trading, dealers said. The rupee lost 23 paisa in relation to the dollar for buying and selling at Rs 98.80 and Rs 98.83 respectively, dealers said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee followed same trend in terms of the dollar, losing 10 paisa for buying at Rs 99.20 and it also shed five paisa for selling at Rs 99.40, dealers said. While, the national currency retained week-end levels against the euro for buying and selling at Rs 136.00 and Rs 136.25, they said.

In the first Asian trade, the euro started the week on a steadier footing after two straight sessions of steep losses, but should stay under pressure amid the persistent threat of policy action from the European Central Bank. The common currency, which plumbed a one-month trough of $1.3745 on Friday, last held steady on the day at $1.3754.

The dollar was trading against the Indian rupee at Rs 59.68, the greenback was at 3.2330 in terms of the Malaysian ringgit and the US currency was at 6.2333 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 77.6450-77.6500 (77.6500-77.6500). Call Money Rates: 05.50-07.25 percent (previous 05.50-07.25 percent).

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

RUPEE IN LAHORE: The national currency stayed depressed and lost its worth against the major currencies including US dollar and pound sterling on the local currency market on Monday.

According to the currency dealers, the dollar was opened on a healthy note and registered gain following fresh demand. At close of trading, the dollar was ended higher at Rs 99.40 and Rs 99.65 as its buying and selling rates against Rs 99.30 and Rs 99.55 of last Saturday, respectively.

Similarly, the rupee remained under pressure and was depreciated against the pound sterling. The pound was traded at Rs 167.05 and Rs 167.30 on buying and selling counter, compared with last week closing of Rs 166.75 and Rs 167.00, respectively, the dealers said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at 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

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