RECORDER REPORT
KARACHI: Mixed patterns were again witnessed on the money market on Monday in process of trading activity, dealers said.
OPEN MARKET RATES: The rupee gained 10 paisas versus the dollar for buying at Rs 106.80 and the local currency did not move any side for selling at Rs 107.00, they said.
The rupee also stayed put in relation to the euro for buying and selling at Rs 125.75 and Rs 127.00 respectively, they said.
INTER-BANK MARKET RATES: The rupee shed six paisas against the dollar for buying at Rs 105.40 and Rs 105.41 respectively, they said.
In the first Asian trade, the euro was on the defensive after Austria's election and on concerns over Catalonia's confrontation with Madrid, though the dollar also lacked momentum after soft US inflation data.
The euro fell as much as 0.25 percent in early trade and last stood at $1.1806, down 0.2 percent, slipping further from a 2 1/2-week high of $1.1880 touched on Thursday.
Still, the fall in the common currency was limited as investors expect the European Central Bank to unveil a plan later this month to start tapering its bond buying scheme.
The dollar was trading against the Indian rupee at Rs 64.710, the greenback was at 4.217 in terms of the Malaysian ringgit and the US currency was available at 6.577 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 80.81-80.82 (previous 80.80-80.80).
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Open Bid Rs 106.80
Open Offer Rs 107.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs 105.40
Offer Rate Rs 105.41
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RUPEE IN LAHORE: The Pak rupee maintained upward trend on buying side while it stayed unchanged on selling side in relation to the dollar on the local currency market on Monday.
According to currency dealers, the dollar commenced trading on its last closing trend of Rs 107.00 and Rs 107.25 as its buying and selling rates, respectively. At the close, it further shed by 15 paisas on buying counter and ended at Rs 106.85. However, it did not witness any change on selling counter as its opening trend prevailed till close of trading at Rs 107.25, they added. In addition, the rupee also picked up 20 paisas against the pound sterling for buying at Rs 141.00. However, no change in its value took place for selling as it maintained its opening trend of Rs 142.00, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at 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).
