RECORDER REPORT
KARACHI: The rupee failed to sustain week-end levels against the dollar on the money market on Monday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee was almost unchanged against the dollar for buying and selling at Rs 105.42 and Rs 105.43 respectively, they said.
In the first Asian trade, the dollar held steady against the yen, having retreated from 12-week highs set last week, due to renewed focus on geopolitical risks amid concerns that North Korea may be preparing another missile test.
North Korea is preparing to test a long-range missile, which it believes can reach the west coast of the United States, a Russian lawmaker who had returned from a visit to Pyongyang was quoted by Russia's RIA news agency as saying on Friday.
The renewed focus on geopolitical tensions helped lend support to the safe haven yen, and helped pull the dollar down from its post-US jobs data highs.
The dollar last traded at 112.56 yen, steady on the day. On Friday, the dollar had reached a peak of 113.44 yen, its highest level since July 14. Trading was thinner than usual, with Tokyo markets closed on Monday for a public holiday.
The dollar index, which measures the greenback against a basket of six major currencies, eased 0.1 percent to 93.709. On Friday, it had scaled a high of 94.267, its strongest in more than two months.
The dollar was trading against the Indian rupee at Rs 65.318, the greenback was available at 4.227 in terms of the Malaysian ringgit and the US currency was at 6.636 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 80.80-80.80 (previous 80.80-80.80).
OPEN MARKET RATES: The rupee slid versus the dollar, shedding 10 paisas for buying and selling at Rs 106.60 and Rs 106.80 respectively, they said.
The rupee also fell in relation to the euro, losing 30 paisas for buying and selling at Rs 124.80 and Rs 126.05 respectively, they said.
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Open Bid Rs.106.60
Open Offer Rs.106.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.105.42
Offer Rate Rs.105.43
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RUPEE IN LAHORE: The Pak rupee registered reduction versus the major currencies including the American dollar and British pound in the local currency market on Monday.
The US dollar resumed trading on a positive note amidst short supply phenomenon in the market throughout the trading session. Consequently, it rose to Rs 106.90 and Rs 107.00 for buying and selling, respectively, as compared to the last closing trend of Rs 106.85 and Rs 106.95 respectively, local currency dealers said.
Likewise, the rupee also followed the same suit in terms of the pound sterling. The pound's buying and selling rates went up from Saturday's closing of Rs 139.00 and Rs 140.00 to Rs 139.80 and Rs 140.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 106.70 (buying) and Rs 107 (selling) against same last rate. It closed at Rs 106.70 (buying) and Rs 107 (selling).
