Easier trend was witnessed on the interbank market on Monday as the rupee fell versus the dollar in the process of trading, dealers said The rupee failed to hold its firmness against the dollar, losing 46-paisa for buying and selling at Rs 102.20 and Rs 102.24 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight levels against the dollar for buying and selling at Rs 102.00 and Rs 102.20 respectively, but it lost 55-paisa in relation to the euro for buying and selling at Rs 127.80 and Rs 128.05 respectively, they said.
In the first Asian trade, the dollar swung wildly against the yen, initially spiking to a seven-year high after data showed Japan’s economy unexpectedly slipped into recession before pulling down as the grim economic news sent Tokyo stocks tumbling.
Data on Monday showed Japan’s economy shrank an annualised 1.6 percent in July-September, confounding expectations for a modest rebound and solidifying the view premier Shinzo Abe will call a snap election and delay a second sales tax hike next year.
The dollar was trading against the Indian rupee at Rs 61.71, the greenback was at 3.3440 in terms of the Malaysian ringgit and the US currency was available at 6.1263 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar: 77.54-77.55 (previous 77.51-77.53). Call Money Rates: 06.50-08.50 percent (Previous 06.50-08.50 percent).
Open Bid Rs 102.00
Open Offer Rs.102.20
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.102.20
Offer Rate Rs.102.24
RUPEE IN LAHORE: The Pak rupee remained under pressure and was declined by 10-paisa in relation to the greenback 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 buying. At close of trading, the dollar was ended at Rs 102.35 and Rs 102.60 as its buying and selling rate against Rs 102.25 and Rs 102.50 of last Saturday, respectively, the dealers said.
Similarly, the rupee remained weak and was depreciated against the pound sterling. The pound was traded at Rs 160.55 and Rs 160.80 on buying and selling counter compared with last week closing of Rs 160.25 and Rs 160.50, 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 103 (buying) and Rs 103.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 103 (buying) and Rs 103.10 (selling). Pound Sterling opened at Rs 164 (buying) and Rs 164.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 164 (buying) and Rs 164.10 (selling).