OPEN MARKET RATES: The rupee shed 10 paisas versus the dollar for buying and selling at Rs 108.20 and Rs 108.40 respectively, while it gained 30 paisas in terms of the euro for buying and selling at Rs 112.70 and Rs 114.20 respectively, they said.
In the world market, the dollar recovered from a two-week low against a basket of six major currencies on Monday, though trade was thin due to many markets being closed for the New Year holiday.
The greenback soared to 14-year highs in December, boosted by market expectations that the US Federal Reserve will hike rates as many as three times this year, and that President-elect Donald Trump will stoke growth and inflation with a programme of fiscal expansion.
The dollar finished the year with an almost four percent annual rise, the fourth consecutive year of gains.
But the index that measures the currency against six major rivals lost more than 1 percent during the last three days of last week, its weakness exacerbated on Friday during a flash surge for the euro in low volumes of trading in Asia.
The single currency jumped two full cents to as high as $1.07, before quickly retreating, prompting analysts to draw parallels with a "flash crash" in October that briefly knocked almost 10 percent off the value of Britain's pound.
Inter bank buy/sell rates for the taka against the dollar on Monday: 78.70-78.70 (previous 78.70-78.70).
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Open Bid Rs 108.20
Open Offer Rs 108.40
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RUPEE IN LAHORE: The Pakistani rupee recovered earlier losses on buying side, while, it remained unchanged on selling side against the US dollar in the local currency market here on Monday.
According to currency dealers, the US dollar resumed trading on its last week closing of Rs 108.30 and Rs 108.50 as its buying and selling rates, respectively. Following buyers' interest in the market, it could not sustain and lost its worth to Rs 107.70 on buying counter.
However, no change in the value of dollar took place as it sustained its last closing trend of Rs 108.50 on selling counter, respectively, they added.
Moreover, the local currency registered appreciation versus the pound sterling. The pound's buying and selling rates went down from Saturday's closing rates of Rs 132.00 and Rs 132.85 to Rs 131.40 and Rs 132.60, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar showed an improvement of Rs 1 against rupee at currency exchange shops of Islamabad and Rawalpindi here on Monday.
The dollar resumed trading at Rs 108 (buying) and Rs 108.50 (selling) against last rate of Rs 107 (buying) and Rs 107.50 (selling). It did not observe further change in evening session and closed at Rs 108 (buying) and Rs 108.50 (selling).
Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last week's rate. It did not observe further change in the second session and closed at Rs 135 (buying) and Rs 135.10 (selling).