THE RUPEE: firm trend


The rupee managed to keep its week-end levels against the dollar and euro on the money market on Monday, dealers said. The rupee held the overnight levels versus the dollar for buying and selling at Rs 102.15 and Rs 102.18 respectively, they said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee inched up to show an increase of 10-paisa in its value in terms of the dollar for buying and selling at Rs 101.80 and Rs 102.00 respectively, but it did not show any change in relation to the euro for buying and selling at Rs 132.00 and Rs 132.25 respectively, they said.

In the first Asian trade, the sterling weakened to its lowest in nearly 10 months amid worries about political uncertainty after an opinion poll showed supporters of Scottish independence from Britain taking the lead for the first time since the referendum campaign began. With less than two weeks to go before the vote, a YouGov survey for the Sunday Times newspaper put the “Yes” to independence campaign at 51 percent against the “no” camp at 49 percent.

The dollar was trading against the Indian rupee at Rs 60.23, the greenback was available at 3.1710 in terms of the Malaysian ringgit and the US currency was at 6.1412 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.00-06.75 percent (Previous 05.50-06.75 percent).

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

RUPEE IN LAHORE: The Pak rupee remained under pressure and lost 10-paisa in relation to the US dollar on the local currency market on Monday.

According to the currency dealers, the dollar resumed trading on a positive sign and registered gain following rising demand. At close, the dollar was ended at Rs 102.00 and Rs 102.25 as its buying and selling rates against Rs 101.90 and Rs 102.15 of last Saturday, respectively.

On the contrary, the rupee remained strong and was improved against the pound sterling. The pound’s buying and selling rates were slide down from last week closing of Rs 166.00 and Rs 166.25 to Rs 164.75 and Rs 165.00, 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 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against.

Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).

Recorder Report

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