No visible change was seen on the money market on Monday as the rupee was almost unchanged versus the dollar in the process of trading, dealers said. The rupee shed two-paisa in terms of the dollar for buying and selling at Rs 104.94 and Rs 104.95 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee retained the overnight level versus the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, they added.
While, the rupee also depicted no variation versus the euro for buying and selling at Rs 116.00 and Rs 117.00 respectively, they added. In the first Asian trade, the safe-haven yen got off to a flying start on Monday, while the Australian dollar, usually sold off in times of market stress, stayed under pressure as Asian equities geared up for a torrid session following a big sell-off on Wall Street.
The dollar slid to 116.56 yen, from 117.10 late in New York. A break below 116.15 - its August trough - will take the greenback back to one-year lows. It last stood at 116.77. The euro dipped to a one-week low of 127.48 yen, while the Aussie dollar was pinned near Friday's three-year trough of 79.52 yen.
The dollar was trading against the Indian rupee at Rs 67.56, the greenback was at 4.4080 in terms of the Malaysian ringgit and US currency was at 6.5788 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 78.50-78.50 (previous 78.50-78.50).
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Open Bid Rs.106.10
Open Offer Rs.106.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.104.94
Offer Rate Rs.104.95
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RUPEE IN LAHORE: The rupee managed to gain modestly against the dollar on the money market on Monday. The dollar resumed trading at its last week closing of Rs 106.20 and Rs 106.45 as its buying and selling. In the absence of buyers' interest, the dollar declined to Rs 106.10 and Rs 106.35 on buying and selling.
The rupee proved its worth after an earlier loss on buying side while it stayed unchanged on selling against the pound sterling that was traded at Rs 153.10 and Rs 154.00 on buying and selling as compared with the previous closing of Rs 153.50 and Rs 154.00.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Monday. The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling). Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
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