Wednesday, September 20th, 2017
Home »Money and Banking » Pakistan » Rupee » THE RUPEE: firm trend
The rupee maintained week-end levels against the dollar on the money market on Monday in the process of trading, dealers said. The rupee was almost unchanged against the dollar for buying and selling at Rs 105.40 and Rs 105.41 respectively, they said.

INTER-BANK MARKET RATES: In the first Asian trade, the dollar edged higher, pulling away from last week's lows against its major rivals after North Korea marked the anniversary of its founding without resorting to any further missile or nuclear tests.

Instead North Korea observed the 69th anniversary of its founding on Saturday with a celebration honouring the scientists behind the massive nuclear test it conducted last week.

The dollar index, which tracks the US unit against a basket of six major currencies, was 0.2 percent higher at 91.522, after skidding to a 2-1/2 year low of 91.011 on Friday.

The dollar was available versus the Indian rupee at Rs 63.85, the greenback was at 4.199 in terms of the Malaysian ringgit and the US currency was at 6.505 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 80.70-80.70 (previous 80.70-80.70).

OPEN MARKET RATES: The rupee sustained last levels in relation to the dollar for buying and selli9ng at Rs 105.70 and Rs 105.90 respectively, they said.

While, the rupee gained 50 paisas in terms of the euro for buying and selling at Rs 125.50 Rs 126.50 respectively, they said.


Open Bid Rs.105.70

Open Offer Rs.105.90


Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.


Bid Rate Rs.105.40

Offer Rate Rs.105.41


RUPEE IN LAHORE: The Pakistani rupee moved both ways in terms of the greenback in the local currency market on Monday.

According to currency dealers, the trading activity of the greenback resumed on a divergent note as it continued to fluctuate on both sides throughout the trading session. At the close, it was ended at Rs 105.70 and Rs 106.20 for buying and selling, respectively, as compared to the last closing rates of Rs 105.80 and Rs 106.10 respectively, they added.

In addition, the local currency failed to hold its strength as it depreciated against the pound sterling. The pound's buying and selling rates went up from Saturday's closing of Rs 137.40 and Rs 138.20 to Rs 137.60 and Rs 138.50 respectively, they said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the remained uncharged at the open currency markets of Islamabad and Rawalpindi here on Monday.

The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against same last rate. It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.

Copyright Business Recorder, 2017

the author