The rupee moved cautiously against the dollar on the money market on Monday in the process of trading, dealers said. The rupee inched down in terms of the dollar, shedding one-paisa for buying at Rs 100.55 and four-paisa for selling at Rs 100.60, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, picked up five-paisa in relation to the dollar for buying and selling at Rs 100.55 and Rs 100.75 respectively, however it appreciated by 25-paisa against the euro for buying and selling at Rs 123.00 and Rs 123.25 respectively, they said.
In the first Asian trade, the euro probed fresh two-year lows in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar that many traders say will remain intact in the new year.
Speculation is high that the European Central Bank (ECB) will be forced to expand its asset-buying programme to include sovereign debt in early 2015, at a time when the Federal Reserve is preparing to do the opposite and lift interest rates.
The dollar was trading against the Indian rupee at Rs 63.19, the US currency was available at 3.4860 in terms of Malaysian ringgit and the greenback was at 6.224 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 77.90-77.90 (previous 77.90-77.90). Call Money Rates: 06.50-08.75 percent (Previous 06.00-08.75 percent).
Open Bid Rs 100.55
Open Offer Rs 100.75
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.100.55
Offer Rate Rs.100.60
RUPEE IN LAHORE: The Pak rupee opened the week on a positive note, as it appreciated its worth in relation to the foreign currencies on the open currency markets of Lahore.
According to the money changers, the dollar resumed trading at Rs 100.35 (buying) and Rs 100.75 (selling) against Rs 100.40 and Rs 100.65 of Saturday. In view of lacklustre situation in the local kerb, the greenback lost its worth by 10-paisa on buying side at Rs 100.30 and 05-paisa on selling side at Rs 100.70 in relation to the local currency.
Likewise, the British pound lost its worth against the Pak rupee. Pound Sterling was purchased and sold at Rs 156.00 and Rs 157.00 as against Rs 157.10 and Rs 157.35 on Saturday.
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).