WEB DESK: The soft trend witnessed again on the money market on Monday as the rupee extended week-end declines versus the dollar in the process of trading, dealers said. The rupee dropped seven-paisa against the dollar for buying and selling at Rs 104.42 and Rs 104.44 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same pattern losing 10-paisa in relation to the dollar for buying and selling at Rs 104.50 and Rs 104.70 respectively. It also shed 10-paisa in terms of the euro for buying and selling at Rs 118.00 and Rs 119.00 respectively, they added.
In the first Asian trade, the dollar was steady against the yen and euro after stronger-than-expected US data kept alive prospects of the Federal Reserve raising interest rates before year-end. The US dollar rose 0.1 percent to 119.53 yen after gaining 0.4 percent on Friday.
The greenback dipped to as low as 119.15 as Tokyo shares began the session significantly lower, but pared its losses as equities regained some of the ground they shed. The dollar was available against the Indian rupee at6 Rs 4.81, the greenback was at 4.2080 in terms of the Malaysian ringgit and the UD dollar was at 6.362 in terms of 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: 05.30-06.50 percent (Previous 05.30-06.50 percent).
Open Bid Rs.104.50
Open Offer Rs.104.70
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.104.42
Offer Rate Rs.104.44
RUPEE IN LAHORE: The rupee on Monday was weak as it lost 25-paisa against the dollar for buying and selling at Rs 104.70 and Rs 104.95 compared with the last Saturday’s closing of Rs 104.45 and Rs 104.70.
The rupee then resumed trading on a depressed note and remained under pressure following fresh demand for the pound sterling, whose buying and selling rates improved from the last week closing of Rs 0 160.25 and Rs 160.95 to Rs 160.60 and Rs 161.20.
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 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).