INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee appreciated by 20 paisas in terms of the dollar for buying and selling at Rs 138.50 and Rs 139.00 respectively, they said. The rupee however lost 50 paisas versus the euro for buying and selling at Rs 158.00 and Rs 159.80 respectively, they said.
In first Asian trade, the dollar traded narrowly against its peers on Monday, as risk sentiment remained fragile over heightened concerns of slowing global growth and a partial US government shutdown.
Markets will be closely watching the progress of trade talks between Washington and Beijing in the New Year. In a tweet which would come as a sigh of relief to the markets, US President Donald Trump said on Sunday that he had a "long and very good call" with his Chinese counterpart Xi Jinping and that a possible trade deal between the United States and China was progressing well.
The Australian dollar gained 0.1 percent to $0.7049. The fortunes of the Australian economy are closely tied to China, its largest trading partner. Trade concerns have hurt China's economy this year and analysts expect its manufacturing sector to have contracted for the first time in more than two years. Chinese PMI data is scheduled to be released later on Monday.
The dollar index, a gauge of its value versus six major peers was marginally lower, fetching 96.35 in early Asian trade.
The dollar was trading against the Indian rupee at Rs 69.840 and the greenback was available at 4.136 in terms of the Malaysian ringgit.
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Open Bid Rs.138.50
Open Offer Rs.139.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.138.85
Offer Rate Rs.138.90
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RUPEE IN LAHORE: The Pak rupee remained under pressure as it further lost 10 paisas in process of trading against the greenback in the local currency market on Friday.
According to currency dealers, the short supply phenomenon of the greenback prevailed for the third consecutive day in the market which helped its further appreciation for buying and selling at Rs 139.50 and Rs 140.50 against the overnight closing rates of Rs 139.40 and Rs 140.40 respectively.
The local currency, however, showed strength as it recovered its earlier losses versus the pound sterling. The pound's buying and selling rates declined from Thursday's closing of Rs 175.50 and Rs 176.80 to Rs 174.90 and Rs 176.20 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 10 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 139.90 (buying) and Rs 140 (selling) against last rate of Rs 139.80 (buying) and Rs 139.90 (selling). It closed at Rs 139.90(buying) and Rs 140(selling).
The buying and selling rates of one tola of gold was Rs 67,200 (selling) and Rs 67,000 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.