THE RUPEE: all-round gains


The rupee made some gains against the dollar on the money market on Monday in the process of trading, dealers said. The rupee managed to recover 11-paisa versus the dollar for buying and selling at Rs 98.82 and Rs 98.84 respectively.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same trend against the dollar, picking up 10-paisa for buying and selling at Rs 98.70 and Rs 98.90 respectively, and it also went up in relation to the euro, gaining 25-paisa for buying and selling at Rs 133.00 and Rs 133.25, they said.

In the first Asian trade, the euro regained more ground on the dollar in Asia, having rebounded from a five-month trough, but trading was anything but energetic thanks to a holiday in Japan and amid concerns that geopolitical tensions could flare up at any time. The common currency drifted up 0.2 percent to $1.3546, extending Friday’s bounce from a five-month low of $1.3491.

The dollar was trading against the Indian rupee at Rs 60.21, the greenback was available at 3.1750 versus the Malaysian ringgit and the US currency was at 6.2078 in terms of the Chinese yuan. Interbank buy/sell rates for the taka BDT against the dollar on Monday: 77.55-77.58 (previous 77.58-77.60). Call Money Rates : 05.75-07.25 percent (previous 05.25-07.25 percent).

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

RUPEE IN LAHORE: The Pak rupee was down in relation to the greenback on the local currency market on Monday.

According to the currency dealers, the dollar resumed trading at its last week closing of Rs 98.80 and Rs 99.05 as its buying and selling rate, respectively. As a result of fresh buying, the dollar posted a gain of five paisa at Rs 98.85 and Rs 99.10 on buying and selling side, respectively, the dealers said.

However, the rupee-dollar parity remained unchanged amid sluggish trading trend. The pound was traded at its last Saturday closing of Rs 168.50 and Rs 168.75 on buying and selling counters, respectively, they added.

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.

Recorder Report

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