The rupee fluctuated slightly against the dollar on the money market on Monday in the process of trading activity, dealers said. The rupee shed three paisas versus the dollar for buying and selling Rs 115.64 and Rs 115.65 respectively, they said.
INTER-BANK MARKET RATES: In the first Asian trade, the euro crawled off a 6-1/2-month low against the dollar on Monday, catching its breath after Italy's president tried to allay investor worries about political unrest in the country, although the prospect of a near-term election capped gains.
The euro was 0.45 percent higher at $1.1703 after falling on Friday to $1.1646, its lowest since mid-November, losing more than 1 percent on the week.
The common currency was up 0.45 percent at 128.065 yen after sinking on Friday to an 11-month low of 127.165. The euro was seen to have received a mild lift after Italian President Sergio Mattarella on Sunday rejected Paolo Savona, a vocal critic of the single currency, as the economy minister. The two populist parties attempting to form a coalition in Italy had pushed for Savona to be appointed to the pivotal role.
But the euro's bounce was limited as an early election in Italy looked inevitable as the far-right League and anti-establishment 5-Star Movement abandoned plans to forge an alliance after their choice of economy minister was vetoed.
The dollar was trading against the Indian rupee at Rs 67.430, the greenback was at 3.979 in relation to the Malaysian ringgit and the US currency was available at 6.390 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 83.70-83.70 (Previous 83.70-83.70).
OPEN MARKET RATES: The rupee sustained weekend levels in terms of the dollar for buying and selling at Rs 118.20 and Rs 118.70 respectively, they said. The national currency, however, lost 50 paisas versus the euro for buying and selling at Rs 138.00 and Rs 139.50 respectively, they said.
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Open Bid Rs.118.20
Open Offer Rs.118.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.115.64
Offer Rate Rs.115.65
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RUPEE IN LAHORE: The Pak rupee recovered on buying side while it stayed unchanged on selling side in relation to the greenback in the local currency market on Monday.
According to currency dealers, the greenback commenced trading on its overnight closing of Rs 118.45 and Rs 118.70 as its buying and selling rates, respectively. At the close, it lost 35 paisas for buying at Rs 118.10 whereas it firmly held its opening trend for selling, they added.
Moreover, the local currency moved both ways in terms of trading against the pound sterling. The pound was bought and sold at Rs 157.10 and Rs 158.10 against Rs 157.25 and Rs 158.00 of Saturday, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 50 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs118.50 (buying) and Rs 118.60 (selling) against last rate of Rs 119 (buying) and Rs 119.10 (selling). It closed at Rs118.50 (buying) and Rs 118.60 (selling).
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