The rupee failed to stand with its counterparts (dollar and euro) on the local currency market on Monday in the process of trading, dealers said. The rupee extended it week-end losses versus the dollar, shedding 43-paisa for buying at Rs 98.75 and it also fell by 46-paisa for selling at Rs 98.80, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: In sympathy with the interbank track, the rupee was down by 10-paisa in terms of the dollar for buying at Rs 99.80 and the national currency also shed five-paisa for selling at Rs 99.95. The rupee also depreciated by 20-paisa against the euro for buying and selling at Rs 135.40 and Rs 135.65, they said.
In the first Asian trade, the Australian dollar jumped to test its year-to-date peak on Monday after a Chinese manufacturing survey showed surprisingly big improvements.
The Canadian dollar also hit a five-month high, building on to its 0.6 percent gain against the greenback on Friday as surprisingly high Canadian inflation data and robust retail sales figures challenged the central bank’s accommodative policy stance.
The dollar was trading against the Indian rupee at Rs 60.18, the greenback was available versus the Malaysian ringgit at 3.2170 and the US currency was at 6.2250 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 77.63-77.6325 (previous 77.63-77.63). Call Money Rates: 05.50-07.00 percent (previous 05.50-07.00 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
RUPEE IN LAHORE: The rupee was under pressure against the major currencies including US dollar and British pound on the local currency market on Monday.
According to the currency dealers, the dollar was opened on a healthy note and kept on rising following fresh buying. At close of trading, the dollar was ended higher at Rs 99.85 and Rs 100.10 as its buying and selling rate against Rs 99.65 and Rs 99.90 of last Saturday, respectively.
Similarly, the rupee was depreciated against the pound sterling that was improved from last week closing of Rs 169.35 and Rs 169.60 to Rs 169.55 and Rs 170.00 on buying and selling counter, 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 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (selling).
Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.