RECORDER REPORT
KARACHI: The rupee moved both ways against the dollar on the money market on Monday in the process of trading activity, experts said.
INTER-BANK MARKET RATES: The rupee shed two paisas versus the dollar for buying and selling at Rs 110.57 and Rs 110.58 respectively, they said.
In the first Asian trade, the dollar eased versus the yen on Monday, as traders worried that a suspected cronyism scandal in Japan involving the sale of state-owned land could dampen investors' risk appetites.
The dollar was trading against the Indian rupee at Rs 65.005, the greenback was at 3.907 versus the Malaysian ringgit and the US currency was at 6.332 in relation to the Chinese yuan.
Market participants said the political developments in Japan helped temper gains in Japanese equities and lent some support to the yen, which tends to rise in times of economic uncertainty. Inter bank buy/sell rates for the taka against the dollar on Monday: 82.96-82.96 (Previous 82.96-82.96).
OPEN MARKET RATES: The rupee extended week-end's rising trend, picking up 10 paisas more in terms of the dollar for buying and selling at Rs 111.60 and Rs 111.90 respectively, they said.
The rupee, however, depreciated in relation to the euro, losing 50 paisas for buying and selling at Rs 136.75 and Rs 138.25 respectively, they added.
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Open Bid Rs.111.60
Open Offer Rs.111.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.110.57
Offer Rate Rs.110.58
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RUPEE IN LAHORE: The Pak rupee stayed strong as it registered appreciation versus the greenback in the local currency market on Monday.
According to currency dealers, the greenback resumed trading on a depressed note amidst lack of buyers' interest in the market. Consequently, the dollar was ended lower at Rs 111.30 and Rs 111.75 for buying and selling, respectively, as compared to the last closing trend of Rs 111.50 and Rs 111.85 respectively, they added.
The national currency, however, remained under pressure in terms of trading against pound sterling. The pound's buying and selling rates improved from Saturday's closing of Rs 153.10 and Rs 154.15 to Rs 153.30 and Rs 154.20 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 111.90 (buying) and Rs 112 (selling) against same last rate. It closed at Rs 111.90 (buying) and Rs 112 (selling).
