THE RUPEE: minor changes

Marginal changes were seen on the money market on Monday in the process of trading, dealers said. The rupee slipped versus the dollar, shedding two-paisa for buying and selling at Rs 102.84 and Rs 102.86 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee sustained its levels for the third day in terms of the dollar for buying and selling at Rs 102.50 and Rs 102.70 respectively, while it lost 25-paisa against the euro for buying and selling at Rs 129.00 and Rs 129.25 respectively, they said.
In the first Asian trade, the dollar fell to a one-month low against the yen, as heightened worries about the health of the global economy continued to shore up the safe-haven Japanese currency. The dollar also slipped versus the euro and the Australian dollar in choppy, holiday-thinned trade. The dollar was trading against the Indian rupee at Rs 61.23, the greenback sat at 3.2580 in terms of the Malaysian ringgit and the US currency was available at 6.1252 versus the Chinese yuan. Interbank buy-sell rates for the taka against the dollar on Monday: 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 07.75-09.50 percent (Previous 07.50-09.50 percent).

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Open Bid       Rs.102.50

Open Offer     Rs.102.70

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.

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Bid Rate       Rs.102.84

Offer Rate     Rs.102.86

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RUPEE IN LAHORE: The national currency showed strength and was appreciated against the greenback and pound sterling on the local currency market on Monday.
According to the currency dealers, the dollar resumed trading on negative sign and failed to sustain following selling pressure. At close, the dollar was ended lower at Rs 102.50 and Rs 102.75 as its buying and selling rates against Rs 102.60 and Rs 102.85 of last Saturday, respectively.
Similarly, the rupee staged recovery and was improved against the British pound. The pound's buying and selling rates were declined from last week closing of Rs 164.60 and Rs 164.85 to Rs 164.25 and Rs 164.50, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against. Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).
Copyright Business Recorder, 2014