THE RUPEE: all-round slides

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-File Photo


The rupee fell against the major currencies on the money market on Monday in the process of trading activity, dealers said. The rupee shed three paisas versus the dollar for buying and selling at Rs 104.83 and Rs 104.85, they said.

INTERBANK MARKET RATES: Most Asian currencies edged up against the dollar on Monday, shrugging off threats from a ransomware attack that locked up more than 200,000 computers in more than 150 countries, and a missile test by North Korea.

The weekend cyber attack, which slowed down after a security researcher stumbled on a way to at least temporarily limit the worm’s spread, was expected to speed up on Monday when employees returning to work turned on their computers.

OPEN MARKET RATES: The rupee dropped 10 paisas versus the greenback for buying and selling at Rs 105.90 Rs 106.10, they said. The rupee also lost 90 paisas in terms of the euro for buying and selling at Rs 115.60 and Rs 117.10, they added.


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Open Bid       Rs.105.90

Open Offer     Rs.106.10

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.

 


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Bid Rate       Rs.104.83

Offer Rate     Rs.104.85

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RUPEE IN LAHORE: The rupee-dollar parity stayed unchanged amid sluggish trend in the local currency market on Monday.

The demand and supply situation of the US dollar remained intact that kept the local currency stabilised. Consequently, it did not witness change and maintained its last closing tend of Rs 105.90 and Rs 106.10 on buying and selling sides, said local currency dealers.

Furthermore, the local currency registered reduction against the pound sterling. The pound’s buying and selling rates drifted from Saturday’s closing rates of Rs 135.70 and Rs 136.50 to Rs 136.10 and Rs 136.70 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained strength against the rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.

The dollar opened at Rs 105.95 (buying) and Rs 106.05 (selling) against last rate of Rs 105.90 (buying) and Rs 106 (selling). It closed at Rs 105.95 (buying) and Rs 106.05 (selling).

Pound Sterling opened at Rs 135 (buying) and Rs 135.50 (selling). It closed at the same rate.-Business Recorder

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