A kind of firmness prevailed on the currency market on Monday in the process of trading, dealers said. The rupee managed to sustain its surge against the dollar, gaining 14-paisa for buying and selling at Rs 102.64 and Rs 102.66 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee picked up 45-paisa versus the dollar for buying at Rs 101.90 and it also rose by 40-paisa for selling at Rs 102.15. The rupee appreciated by 75-paisa in terms of the euro for buying and selling at Rs 128.75 and Rs 129.00, they said.
In the first Asian trade, the dollar touched a fresh four-year high against a basket of currencies and started the week close to a six-year peak against the yen, getting a tailwind from data showing higher US growth in the second quarter.
It also rose to a nearly two-year high against the euro, held aloft by divergent market expectations for US and European monetary policy. The dollar was trading against the Indian rupee at Rs 61.39, the greenback was at 3.2720 in terms of the Malaysian ringgit and the US currency was available at 6.1399 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: 05.75-08.50 percent (Previous 05.75-08.50 percent) (revised).
Open Bid Rs.101.90
Open Offer Rs.102.15
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.102.64
Offer Rate Rs.102.66
RUPEE IN LAHORE: The Pak rupee appreciated by 15-paisa in relation to the greenback on the local currency market on Monday.
According to the currency dealers, the dollar was opened on a negative note and remained under pressure throughout the day. The dollar was ended lower at Rs 102.50 and Rs 102.75 as its buying and selling rates against Rs 102.65 and Rs 102.90 of last Saturday.
Similarly, the rupee also remained strong and was improved against the pound sterling. The pound was traded at Rs 165.50 and Rs 165.75 on buying and selling counter compared with last week closing of Rs 166.50 and Rs 166.75, 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).