RECORDER REPORT
KARACHI: The rupee slid against the dollar on the money market on Monday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee was unchanged versus the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively, they said.
OPEN MARKET RATES: The rupee shed 10 paisas in relation to the dollar for buying and selling at Rs 106.70 and Rs 106.90 respectively, they said. The rupee gained 30 paisas in terms of the euro for buying at Rs 125.30 and it also picked up Rs 1.70 for selling at Rs 126.30 respectively.
In the first Asian trade, the dollar held the bulk of its gains after an upbeat US jobs report lifted it off 15-month lows, with data lined up this week seen as key to whether the greenback's rebound could be sustained in the longer term.
The dollar, which briefly sank below 110.00 yen to a seven-week low last week, was steady at 110.695 yen after going as high as 111.050 on Friday.
The dollar index against a basket of six major currencies was a shade lower at 93.330 after climbing 0.75 percent on Friday. The rally pulled it away from 92.548, its lowest level since May 2016 marked on Wednesday.
The dollar was trading against the Indian rupee at Rs 63.678, the greenback was at 4.280 in terms of the Malaysian ringgit and the US currency was at 6.724 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 80.69-80.70 (previous 80.68-80.68).
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Open Bid Rs 105.39
Open Offer Rs 105.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs 106.70
Offer Rate Rs 106.90
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RUPEE IN LAHORE: The Pak rupee moved both ways against the greenback in the local currency market on Monday.
According to the currency dealers, the greenback continued to fluctuate on both ways amid divergent trend in the currency market.
Consequently, it ended at Rs 106.60 and Rs 107.00 on buying and selling side, respectively, as compared to the last closing trend of Rs 106.50 and Rs 107.30 respectively, they added.
Furthermore, the local currency showed strength as it appreciated versus the pound sterling.
The pound’s buying and selling rates drifted from Saturday’s closing rates of Rs 138.50 and Rs 139.40 to Rs 138.40 and Rs 139.00 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar improved against the rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against last rate of Rs 107 (buying) and Rs 107.10 (selling). It closed at Rs 107.10 (buying) and Rs 107.20 (selling).
