The rupee extended week-end's losses against the dollar on the money market on Monday in the process of trading activity, dealers said. No visible changes were seen in the value of the rupee in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee shed 10 paisas in terms of the dollar for buying and selling at Rs 112.40 and Rs 112.70 respectively, they said.
While, the rupee stayed put against the euro for buying and selling at Rs 139.00 and Rs 141.00 respectively, they added.
In the first Asian trade, the dollar crawled up from lows on Monday but struggled to pull ahead from six straight weeks of losses on its evaporating yield advantage and doubts about Washington's commitment to a strong currency.
The dollar index against a basket of six major currencies rose 0.2 percent to 89.215, extending its rebound from 88.429, a three-year nadir set on Thursday.
The currency was marginally helped by US GDP data on Friday, which showed strong domestic consumption and capital spending even though the headline figure was weaker than expected due to a rise in imports.
Yet traders expect more headwinds for the dollar, which has been pummelled by renewed worries that President Donald Trump may use currency policy as a tool to press other countries to get better "deals" on trade.
The dollar was available against the Indian rupee at Rs 63.515, the greenback was at 3.867 in terms of the Malaysian ringgit and the US currency was at 6.326 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 82.90-82.90 (Previous 82.90-82.90).
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Open Bid Rs 110.54
Open Offer Rs 110.55
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs 112.40
Offer Rate Rs 112.70
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RUPEE IN LAHORE: The Pak rupee stayed firmed on buying side while it recovered marginally on buying side in relation to the greenback in the local currency market on Monday.
According to currency dealers, the greenback commenced trading on its last closing trend of Rs 112.15 and Rs 112.55 as its buying and selling rates, respectively.
At the close, it firmly held for buying at Rs 112.15. However, it recovered marginally by five paisas for selling at Rs 112.50, they added.
Moreover, the local currency showed strength as it registered appreciation versus the pound sterling. The pound's buying and selling rates slipped from Saturday's closing of Rs 158.40 and Rs 159.40 to Rs 157.20 and Rs 158.70 respectively, they said.
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