A kind of firmness prevailed on the money market on Monday as the rupee managed to inch up versus the dollar in the process of trading, dealers said. The rupee rose four paisas relation to the dollar for buying and selling at Rs 104.75 and Rs 104.75 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee firmly held the week-end levels in terms of the dollar for buying and selling at Rs 105.70 and Rs 105.90 respectively, they said. The rupee picked up 90 paisas in relation to the euro for buying and selling at Rs 116.60 and Rs 118.10 respectively, they said.
In the first Asian trade, the dollar jumped early after the FBI said a review of newly discovered emails did not change the agency's conclusion that no charges were warranted in the case of Democrat Hillary Clinton's use of a private email server.
Markets have tended to see US presidential contender Clinton as the status quo candidate, and news favouring her bid often boosts risk appetite. The dollar was up 1.1 percent at 104.275 yen after surging to 104.530 in early trade. It had declined to 102.550 last week as polls showed a tightening US presidential race. The euro was down 0.5 percent to $1.1089, knocked off a four-week peak of $1.1143 reached on Friday.
The US currency also won back ground against the Swiss franc, which has served as a safe-haven along with the yen. The dollar was up 0.6 percent at $0.9739 francs after going as high as $0.9789.
The dollar was trading against the Indian rupee at Rs 66.70, the greenback was available at 4.2070 versus the Malaysian ringgit and the US currency was trading at 6.7748 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 78.47-78.48 (previous 78.45-78.46).
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Open Bid Rs.105.70
Open Offer Rs.105.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.104.73
Offer Rate Rs.104.75
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RUPEE IN LAHORE: The Pakistani rupee recovered 10 paisa on buying side while it remained unchanged on selling side against the US dollar in the local currency market on Monday.
The US dollar resumed trading at its Saturday's closing of Rs 105.90 and Rs 106.10 as its buying and selling rates, respectively. Due to selling pressure, the dollar's rate slipped down to Rs 105.80 on buying counter. However, its selling rate did not observe any change which prevailed till close of trading, the currency dealers said.
Against the British pound, the local currency recovered its losses. The pound's buying and selling rates drifted down from its earlier closing rates of Rs 131.60 and Rs 132.20 to Rs 130.65 and Rs 131.50, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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