RECORDER REPORT
KARACHI: Stability was witnessed on the money market on Monday as the rupee held present levels against the dollar in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee stayed put versus the dollar for buying and selling at Rs 104.86 and Rs 104.87 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 106.20 respectively, they said.
The rupee lost 30 paisas in relation to the euro for buying and selling at Rs 112.30 and Rs 113.80 respectively, they said.
In the first Asian trade, the dollar dipped to a five-month low against the yen as rising tensions over North Korea kept the safe-haven Japanese currency in demand.
The dollar index against a basket of major currencies was down 0.2 percent at 100.390, weighed down following the release of Friday's weak US retail sales and consumer prices data and as flight-to-safety drove US Treasury yields to five-month lows.
The US currency extended losses from the previous day and retreated to 108.135 yen, its lowest since mid-November.
The yen remained broadly bid against other currencies as well. The euro and the pound slid to five-month troughs of 114.955 yen and 136.05 yen, respectively.
Increasing geopolitical risks another notch, North Korea on Sunday made what was believed to be a failed missile test launch. Regional tensions have risen over the past weeks as US President Donald Trump has taken a tough rhetorical line with Pyongyang.
The dollar was trading against the Indian rupee at Rs 64.325, the greenback was at
4.403 in terms of the Malaysian ringgit and the US currency was at 6.888 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 79.81-79.82 (previous 79.80-79.80).
========================
Open Bid Rs.106.00
Open Offer Rs.106.20
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
========================
Bid Rate Rs.104.86
Offer Rate Rs.104.87
========================
RUPEE IN LAHORE: The rupee-dollar parity remained unchanged amid sluggish trend in the local currency market on Monday.
The US dollar resumed trading on its Saturday’s closing trend of Rs 106.10 and Rs 106.35 as its buying and selling rates, respectively. It did not witness any change in its demand and supply situation which helped the local currency stabilise.
Consequently, its opening rates prevailed till close of trading, said the local currency dealers.
However, the local currency failed to sustain as it registered reduction versus the pound sterling. The pound’s buying and selling rates went up from the last closing rates of Rs 131.60 and Rs 132.50 to Rs 132.00 and Rs 132.70 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 106.35 (buying) and Rs 106.45 (selling) against last rate of Rs 106.50 (buying) and Rs 106.60 (selling). It closed at Rs 106.35 (buying) and Rs 106.45 (selling). Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.
