RECORDER REPORT
KARACHI: Little changes were seen on the money market on Monday as the rupee almost held the week-end levels versus the dollar, dealers said.
INTER-BANK MARKET RATES: The rupee slipped by one-paisa against the dollar for buying and selling at Rs 105.50 and 105.51 respectively, they said.
OPEN MARKET RATES: The rupee was unchanged in terms of the dollar for buying and selling at Rs 106.00 and Rs 106.30 respectively, while it gained 10-paisa versus the euro for buying and selling at Rs 113.10 and Rs 114.10 respectively, they added.
In the first Asian trade, the euro extended its losses against the dollar on Monday, hitting a seven-month low versus the US currency, on expectations that the European Central Bank will ramp up its monetary stimulus next month. Most major banks have stuck firmly to the view that the euro will fall toward parity with the dollar in the months ahead as the Federal Reserve begins to lift interest rates while the ECB takes the opposite course.
The dollar was trading against the Indian rupee at Rs 66.32, the greenback was at 4.2900 in terms of the Malaysian ringgit and the US currency was available at 6.3894 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 78.89-78.90 (previous 78.86-78.86).
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Open Bid Rs.106.00
Open Offer Rs.106.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.105.50
Offer Rate Rs.105.51
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RUPEE IN LAHORE: The rupee was weak against the dollar on Monday, with the latter closing at its last week of Rs 106.70 and Rs 107.00 as its buying and selling rate respectively.
Following fresh buying, it did end higher at Rs 106.80 and Rs 107.10 on the buying and selling counter respectively. But the rupee-pound sterling parity never changed amid dull trading. The pound was traded at its last Saturday closing of Rs 161.20 and Rs 161.70 on the buying and selling side respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against overnight value of Rs 105 (buying) and Rs 105.20 (selling). It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (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).
