THE RUPEE: dollar at Rs 103

The rupee crossed the barrier of Rs 103 versus the dollar on Monday in the process of trading, dealers said. The rupee lost 20-paisa against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively, while it inched up by 10-paisa versus the euro for buying and selling at Rs 117.20 and Rs 117.45 respectively, they added.

INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee shed two-paisa in relation to the dollar for buying and selling at Rs 101.95 and Rs 101.97 respectively, they said.

In the first Asian trade, the dollar clawed its way higher but remained not far from a three-month low against the euro in Asian trade on Monday after downbeat US economic data raised bets that the Federal Reserve will wait longer to raise interest rates.

The euro was buying $1.1436, down about 0.1 percent on the day but not far from its Friday peak of $1.1468, as investors and strategists mulled how far its rally can run.

The dollar was trading against the Indian rupee at Rs 63.56, the greenback was at 3.5700 in terms of the Malaysian ringgit and US currency was at 6.203 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: 05.25-7.00 percent (Previous 05.25-07.00 percent).

Open Bid       Rs.102.80
Open Offer     Rs.103.00

Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday

Bid Rate       Rs.101.95
Offer Rate     Rs.101.97

RUPEE IN LAHORE: The rupee declined against the major currencies including US dollar and British pound on the local currency market on Monday.

According to currency dealers, the dollar witnessed slight demand that pushed its rate up from the last week closing of Rs 102.75 and Rs 103.00 to Rs 102.80 and Rs 103.05 on buying and selling side, respectively.

Similarly, the rupee remained under pressure and depreciated its worth against the pound sterling that was traded at Rs 161.00 and Rs 161.25 on buying and selling counter compared with the last Saturday closing of Rs 160.75 and Rs 161.00, respectively, the dealers said.

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 101.75 (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).

Recorder Report