RECORDER REPORT
KARACHI: The rupee almost held the week-end levels against the dollar in the process of trading activity, dealers said.
OPEN MARKET RATES: The rupee slid 10 paisas against the dollar for buying at Rs 111.90 and the national currency stayed put for selling at Rs 112.20, they said.
While, the rupee extended its decline versus the euro, dropping 90 paisas for buying and selling at Rs 136.40 and Rs 138.40 respectively, they added.
INTER-BANK MARKET RATES: The rupee shed one paisa in relation to the dollar for buying and selling at Rs 110.55 and Rs 110.56 respectively, they said.
In the first Asian trade, the dollar languished at three-year lows against a basket of currencies on Monday, while the euro stood tall on investors' hopes that European Central Bank policymakers could be poised to further trim their monetary stimulus.
The dollar index, which tracks the greenback against a basket of currencies, slipped 0.2 percent to 90.807 after falling as far as 90.773 earlier in the session, its lowest since January 2015.
The euro added 0.1 percent to $1.2206, in sight of a peak of $1.2218 on Friday, its highest since December 2014, leaving some strategists to ponder where its next top might be.
Against the yen, the dollar slipped to its lowest levels since mid-September, as comments from Japan's central bank governor highlighted Japan's economic recovery.
The dollar was trading against the Indian rupee at Rs 63.360, the greenback was at 3.953 in terms of the Malaysian ringgit and the US currency was available at 6.423.
Inter bank buy/sell rates for the taka against the dollar on Monday: 82.80-82.80 (Previous 82.80-82.80).
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Open Bid Rs 110.55
Open Offer Rs 110.56
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs 111.90
Offer Rate Rs 112.20
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RUPEE IN LAHORE: The Pak rupee moved both ways in terms of the greenback in the local currency market on Monday.
According to currency dealers, the demand and supply situation of the greenback continued fluctuating both ways following divergent trend in the market.
At the close, it was ended at Rs 111.80 and Rs 112.20 for buying and selling, respectively, as compared to the last closing rates of Rs 111.75 and Rs 112.30 respectively, they added.
In addition, the national currency registered reduction versus the pound sterling. The pound’s buying and selling rates improved from Saturday’s closing of Rs 152.20 and Rs 153.20 to Rs 153.15 and Rs 154.00 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar did not move any side against rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 112.25 (buying) and Rs 112.35 (selling) against last rate of Rs 112 (buying) and Rs 112.10 (selling). It closed at Rs 112.25 (buying) and Rs 112.35 (selling).
