The rupee moved slightly against the dollar on the money market on Monday in the process of trading, money experts said.
INTER-BANK MARKET RATES: The rupee shed two paisas in terms of the dollar for buying and selling at Rs 115.60 and Rs 115.62 respectively, they said.
In the fist Asian trade, the dollar steadied on Monday, having retreated late last week due to concerns over US-China trade tensions and following data that showed the US economy created the fewest jobs in six months in March.
The dollar index against a basket of six major currencies inched up 0.1 percent to 90.189 after a drop of 0.4 percent on Friday.
The dollar index had set a one-month high of 90.597 ahead of the US non-farm payrolls report data on Friday but later lost some steam, weighed down by concerns about the US-China trade dispute and the disappointing US jobs data.
China warned on Friday it was fully prepared to respond with a fierce counter strike" of fresh trade measures if the United States follows through on President Donald Trump's threat to slap tariffs on an additional $100 billion of Chinese goods.
The dollar was available against the Indian rupee at 64.883, the greenback was at 3.861 in terms of the Malaysian ringgit and the US currency was trading in relation to the Chinese yuan at 6.297. Inter bank buy/sell rates for the taka against the dollar on Monday: 82.98-82.98 (Previous 82.98-82.98).
OPEN MARKET RATES: The rupee was almost unchanged against the dollar for buying and selling at Rs 116.20 and Rs 116.60 respectively, they said. The rupee, however, lost sharply versus the euro, losing 50 paisas for buying and selling at Rs 142.00 and Rs 143.30 respectively, they added.
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Open Bid Rs.115.60
Open Offer Rs.115.62
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.116.20
Offer Rate Rs.116.60
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RUPEE IN LAHORE: The Pak rupee appreciated in terms of trading against the greenback in the local currency market on Monday.
According to currency dealers, the greenback resumed trading on a negative note following lack of buyers’ interest in the market.
Consequently, it ended lower for buying and selling at Rs 116.05 and Rs 116.70 as compared to the last closing trend of Rs 116.30 and Rs 116.80 respectively, they added.
Moreover, the national currency recovered 30 paisas against the pound sterling for buying at Rs 116.00.
However, it firmly held its opening trend for selling at Rs 163.30, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained Re 1 against rupee at the open currency markets of Islamabad and Rawalpindi here on Monday. The dollar opened at Rs 116.70 (buying) and Rs 116.80 (buying) against last rate of Rs 115.70 (buying) and Rs 115.80 (buying). It closed at Rs 116.70 (buying) and Rs 116.80 (buying).
