Mixed patterns were seen on the money market on Monday as the rupee played on both sides versus the dollar in the process of trading, dealers said. The rupee slipped by four paisa in relation to the dollar for buying and selling at Rs 101.79 and Rs 101.80, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee maintained its rising trend against the dollar, gaining 15 paisa for buying and selling at Rs 102.75 and Rs 102.95, they said. The national currency also picked up 75 paisa versus the euro for buying and selling at Rs 112.75 and Rs 113.75, respectively, they said.
At the week-end, Australian dollar fell sharply to hit a 6-year low against its US counterpart, hurt by disappointing retail sales data in Australia, weak data from the services sector in China and a continued sell-off in the Shanghai stock market.
In the first Asian trading, the euro pared its losses but was still sharply lower on Monday after Greek voters overwhelmingly rejected terms of a rescue package, sending the safe-haven yen up amid fears the cash-strapped nation might exit the euro zone.
The common currency skidded to a six-week low of 133.700 yen very early in the Asian session, from 136.185 late on Friday. It had since rebounded to 135.355, down about 0.6 percent on the day.
Against the greenback, the euro fell as far as $1.0969, but did not approach the one-month trough of $1.0955 set a week ago. It recovered some ground to buy $1.1045, down about 0.6 percent. The dollar was trading against the Indian rupee at 63.59, the greenback was at 3.8060 and the US currency was at 6.2079 in terms of 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: 05.30-6.50 percent (Previous 05.25-06.50 percent).
Open Bid Rs 102.75
Open Offer Rs.102.95
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.101.79
Offer Rate Rs.101.80
RUPEE IN LAHORE: The rupee marginally recovered and gained five paisas against the dollar on the local currency market on Monday.
The dollar resumed trading on a negative note and remained under pressure and finally ended at Rs. 102.75 and Rs. 103.00 as its buying and selling rate against Rs. 102.80 and Rs. 103.05 of last Saturday, respectively. Also, the rupee showed strength improving against the pound sterling, whose buying and selling rate declined from the last week closing of Rs. 159.75 and Rs. 160.00 to Rs. 159.25 and Rs. 159.50, respectively.
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).