The rupee dropped against the dollar in the inter-bank market, while it showed no change in the kerb dealings on Monday, dealers said.
INTER-BANK MARKET RATES: The rupee failed to sustain it’s levels against the dollar, shedding 12 paisa for buying and selling at Rs 101.97 and Rs 101.99, respectively, they said.
OPEN MARKET RATES: The rupee managed to keep its week-end levels versus the dollar for buying and selling at Rs 102.20 and Rs 102.40 while the national currency lost 55 paisa versus the euro for buying and selling at Rs 111.95 and Rs 112.20, respectively, they said.
In the first Asian trading session, the dollar weakened across the board, after much weaker-than-expected US jobs data persuaded many in the market that the Federal Reserve is likely to wait until the second half of 2015 before raising interest rates.
Friday’s closely watched employment data showed US non-farm payrolls rose by 126,000 in March, the smallest gain since December 2013 and well under the 245,000 economists had forecast. On the brighter side, average hourly earnings increased 0.3 percent.
The dollar was trading against the Indian rupee at Rs 62.16, the greenback was at 3.6265 in terms of the Malaysian ringgit and the US currency was available at 6.195 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-8.00 percent (*Previous 07.25-08.00 percent).
Open Bid Rs.102.20
Open Offer Rs.102.40
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.101.97
Offer Rate Rs.101.99
RUPEE IN LAHORE: The Pak rupee recorded marginal gain in relation to the greenback on the local currency market on Monday.
Currency dealers said that the dollar resumed trading at its day earlier closing of Rs 102.30 and Rs 102.55 as its buying and selling rate, respectively. In the absence of buyers’ interest, the dollar failed to sustain and declined to Rs 102.25 and Rs 102.50 on buying and selling sides, respectively.
The British pound lost its worth against the local currency. The pound’s buying and selling rates closed lower at Rs 152.10 and Rs 152.35 as against Saturday’s closing of Rs 152.25 and Rs 152.50, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).