The rupee slipped against the dollar on the interbank market on Monday in the process of trading, dealers said. The rupee shed five-paisa in relation to the dollar for buying and selling at Rs 101.05 and Rs 101.10 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee managed to hold firmness for the second day against the dollar for buying and selling at Rs 101.60 and Rs 101.80 respectively. It posted fresh gain of 35-paisa versus the euro for buying and selling at Rs 113.85 and Rs 114.10 respectively, they said.
In the first Asian trade, the euro hit an 11-year low versus the US dollar as Greece’s anti-austerity Syriza party swept to victory in a snap election, putting Athens on a collision course with international lenders. The single currency dropped to $1.1098, a level not seen since September 2003, as official projections showed Syriza was set to win 149 seats in the 300-seat parliament, taking 36.3 percent of the vote.
The euro fell to as low as 130.16 yen, its lowest level in more than 11 years. The euro also fell against sterling, hitting a sseven-year low of 74.06 pence. The dollar was trading against the Indian rupee at Rs 61.42, the greenback was at 3.6070 in terms of the Malaysian ringgit and the US currency was at 6.253 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-09.25 percent (Previous 07.00-09.25 percent).
Open Bid Rs.101.60
Open Offer Rs.101.80
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.101.05
Offer Rate Rs.101.10
RUPEE IN LAHORE: The national currency showed stability and remained unchanged against the US dollar amid low trading activity on the local currency market on Monday.
According to the currency dealers, the dollar resumed trading at its previous week closing of Rs 101.60 and Rs 101.85 on buying and selling counter, respectively. The dollar did not observe any change in its value and was closed at the opening level, the dealers said.
However, the Pak rupee remained weak and was depreciated against the British pound. Because of rising demand, the pound’s rate was moved up from last Saturday closing of Rs 152.00 and Rs 152.25 to Rs 152.25 and Rs 152.50 on buying and selling side, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar on the open currency markets of Islamabad and Rawalpindi, here on Monday.
The dollar opened at Rs 100.75 (buying) and Rs 101 (selling) against last rate of Rs 101 (buying) and Rs 101.25 (selling). It did not observe further change in the second session and closed at Rs 100.75 (buying) and Rs 101 (selling).
Pound Sterling opened at Rs 152 (buying) and Rs 153 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 152 (buying) and Rs 153 (selling).