No respite was witnessed in erosion of the value of rupee against the dollar in the currency market on Monday, dealers said. The rupee showed one paisa fall against the dollar for buying and selling at Rs 115.61 and Rs 115.62, they said.
INTER-BANK MARKET RATES: In the first Asian trade, the dollar traded near a two-week high against a basket of major currencies on Monday, bolstered by rising US bond yields, while easing concerns over global political risks weighed on the safe haven yen.
The dollar's index against a basket of six major peers edged up 0.1 percent to 90.401, staying within sight of a two-week high of 90.477 set on Friday.
Rising US bond yields helped underpin the greenback, with the US 10-year Treasury yield touching a peak of 2.979 percent in Asian trade, the highest since January 2014.
Concerns that recent rises in global oil prices could add to inflationary pressures, as well as increases in US debt issuance, are likely contributing to the rise in Treasury yields, said Teppei Ino, a Singapore-based analyst for MUFG Bank.
The dollar was trading agains the Indian rupee at Rs 66.205, the greenback was at 3.896 in terms of the Malaysian ringgit and the US currency was at 6.295 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday. 82.98-82.98 (Previous 82.98-82.98).
OPEN MARKET RATES: As a result of persistent buying of the dollars pushed the rates of the rupee down, losing further 40 paisas for buying and selling at Rs 118.00 and Rs 118.40, they said. The rupee, however, gained 50 paisas versus the euro for buying and selling at Rs 143.80 and Rs 145.30, they added.
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Open Bid Rs.115.61
Open Offer Rs.115.62
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.118.00
Offer Rate Rs.118.00
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RUPEE IN LAHORE: The Pak rupee depreciated in terms of trading against the greenback in the local currency market on Monday.
According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its further appreciation for buying and selling at Rs 118.20 and Rs 118.40 as compared to the Saturday's closing trend of Rs 117.90 and Rs 118.20 respectively.
In addition, the national currency stayed strong as it appreciated against the pound sterling for buying at Rs 163.70 as compared to the last closing of Rs 164.30 respectively. However, it stayed firmed for selling at Rs 165.00, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further showed improvement of Rs 1 against the rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 118.60 (buying) and Rs 118.70 (selling) against last rate of Rs 117.60 (buying) and Rs 117.70 (buying). It closed at Rs 118.60 (buying) and Rs 118.70 (selling).
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