RECORDER REPORT
KARACHI: The rupee showed divergent trend against the dollar on the local money market on Monday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee, however, picked up two paisas in relation to the dollar for buying and selling at Rs 121.50 and Rs 121.52 respectively, they said.
In the first Asian trade, the dollar fell to a two-week low against the yen on Monday as a latest flare-up in global trade concerns dented investor risk appetites and drove down US yields.
The greenback was down 0.4 percent at 109.54 yen after dropping to 109.45, its weakest since June 11. Investors steered from risk, with
"The dollar was already looking shaky against the yen in wake of the US spat with the EU. Any positive breakthrough in trade talks would prompt bargain hunting of the dollar, but that is simply not happening," said Kyosuke Suzuki, director of forex at Societe Generale in Tokyo.
The dollar was trading against the Indian rupee at Rs 68.100, the greenback was at 4.012 in terms of the Malaysian ringgit and the US dollar was at 6.532 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 83.70-83.70 (Previous 83.70-83.70).
OPEN MARKET RATES: The rupee lost 20 paisas in terms of the dollar for buying and selling at Rs 124.20 and Rs 124.70 respectively, they said. The rupee also fell sharply against the euro for buying and selling at Rs 143.25 and Rs 145.25 respectively, they said.
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Open Bid Rs.124.20
Open Offer Rs.124.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.121.50
Offer Rate Rs.121.52
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RUPEE IN LAHORE: The Pak rupee depreciated on buying side while it stayed unchanged on selling side in relation to the greenback in the local currency market on Monday.
According to currency dealers, the greenback resumed trading on its last closing of Rs 124.00 and Rs 124.50 as its buying and selling rates, respectively. At the close, it appreciated by 20 paisas for buying at Rs 124.20. However, it firmly held its opening trend for selling, they added.
Moreover, the local currency registered a considerable decline in terms of trading against the pound sterling. Resultantly, the pound's buying and selling rates rose from Saturday's closing of Rs 151.50 and Rs 162.50 to Rs 162.00 and Rs 163.50 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs124 (buying) and Rs124.20 (selling) against same last rate. It closed at Rs124 (buying) and Rs124.20 (selling).
