The rupee on the back of strong supply of US currency recovered with solid gains versus the dollar on the money market on Monday, dealers said. The rupee managed to pick up 80-paisa in terms of the dollar for buying and selling at Rs 100.60 and Rs 100.80 respectively, they said.
INTERBANK MARKET RATES: The rupee also appreciated by rupee one against the euro for buying and selling at Rs 124.75 and Rs 125.00, they said.
OPEN MARKET RATES: The rupee rose by 27-paisa against the dollar for buying at Rs 100.33 and it also rose by 29-paisa for selling and Rs 100.36, they said. In the first Asian trade, the dollar quivered in choppy trading against the yen on Monday as oil prices continued to sink on a weak outlook for global demand, while risk aversion pressured US Treasury yields.
But the Japanese currency initially rose as shares dropped, before it pulled off its session highs. The dollar was nearly flat on the day at 118.86 yen, after dropping as low as 117.78. The dollar was trading against the Indian rupee at Rs 62.70, the greenback was at 3.4950 in relation to the Malaysian ringgit and the US currency was at 6.1876 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 77.88-77.88 (previous 77.88-77.88). Call Money Rates: 06.25-08.25 percent (Previous 05.50-08.25 percent).
Open Bid Rs 100.60
Open Offer Rs.100.80
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.100.33
Offer Rate Rs.100.36
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).
SOURCE: RECORDER REPORT