INTER-BANK MARKET RATES: In first Asian trade, the dollar slipped against peers on Monday, as traders placed bearish bets due to rising expectations that the Federal Reserve would put its policy tightening on pause in 2019.
Risk appetites were strong in Asian trade, thanks to China's aggressive monetary easing on Friday to address a sharp economic slowdown and to hopes that Washington and Beijing can strike a comprehensive trade deal.
The euro advanced 0.22 percent versus the dollar while the Australian dollar, often considered a barometer of global risk appetite, rose 0.2 pct and touched its highest level since Dec. 20.
Against the yen, the greenback fell 0.41 percent, fetching 108.09.
The dollar index, a gauge of its value versus six major peers, stood at 95.96 at 0406 GMT Monday, down 0.2 percent from an intraday high of 96.16.
The dollar war trading against the Indian rupee at Rs 69.355, the greenback was available at 4.108 in terms of the Malaysian ringgit and the US currency was at 6.847 versus the Chinese yuan.
OPEN MARKET RATES: The rupee held its present levels in terms of the dollar for buying and selling at Rs 138.80 and Rs 139.20 respectively, while the rupee lost 25 paisas versus the euro for buying and selling at Rs 157.50 and Rs 159.30 respectively, they said.
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Open Bid Rs.138.80
Open Offer Rs.139.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.138.90
Offer Rate Rs.138.94
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RUPEE IN LAHORE: The Pak rupee registered appreciation in process of trading versus the American dollar in the local currency market on Monday.
Following lack of buyers' interest in the market, the US dollar resumed trading on a negative note and ended lower for buying and selling at Rs 138.10 and Rs 139.00 against the Saturday's closing trend of Rs 138.70 and Rs 139.60 respectively, local currency dealers said.
Furthermore, the national currency recovered 20 paisas against the pound sterling and ended for buying at Rs 175.30 against the last closing rate of Rs 175.50 whereas it stayed unchanged for selling at Rs 176.50, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed a recovery of 10 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 138.80(buying) and Rs 138.90 (selling) against last rate of Rs 138.90 (buying) and Rs 139 (selling). It closed at Rs 138.80 (buying) and Rs 138.90 (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.