THE RUPEE: rising trend

The rupee managed to gain modestly against the dollar on the money market on Monday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee picked up modestly versus the dollar on the money market for buying and selling at Rs 156.60 and Rs 156.65 respectively, they said.
OPEN MARKET RATES: The rupee improved with slight gain in relation to the dollar for buying and selling at Rs 156.20 and Rs 156.70 respectively. The rupee was available in terms of the euro for buying and selling at Rs 171.00 and Rs 173.50 respectively.
In the first Asian trade, the yen strengthened on Monday, thanks to bigger appetites for safe-haven assets as Washington and Beijing put additional tariffs on each other's exports, adding to the gloom hanging over the global economic outlook.
The yen rose around 0.1% versus to dollar to 106.15 in Asian trading.
The Japanese currency rose around 0.2% to 71.43 versus the Australian dollar and advanced around 0.2% to 66.88 per New Zealand dollar.
Spot gold rose 0.29% to $1,524.05 per ounce.
The euro stood at $1.0991, unchanged in Asia, but sentiment for the common currency was weak after it tumbled on Friday to the lowest in more than two years.
German Chancellor Angela Merkel's conservatives and her coalition partners held off a surge in far right support in two state elections in eastern Germany on Sunday.
The dollar was available against the Chinese yuan at 7.160.

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Open Bid       Rs.156.20
Open Offer     Rs.156.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.

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Bid Rate       Rs.156.60
Offer Rate     Rs.156.65
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RUPEE IN LAHORE: The Pak rupee appreciated its worth versus the major currencies including the greenback and the British pound in the local currency market on Monday.
Amidst lack of buyers' interest in the market, the greenback cloud not hold its strength and ended lower for buying and selling at Rs 156.40 and Rs 157.00 against the previous closing trend of Rs 156.50 and Rs 157.50 respectively, local currency dealers said.
Likewise, the national currency also followed the suit in relation to the pound sterling. The pound's buying and selling rates declined from the Saturday's closing of Rs 190.00 and Rs 192.00 to Rs 188.50 and Rs 190.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 10 paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 157 (buying) and Rs 157.10 (selling) against last rate of Rs 157.10 (buying) and Rs 157.20(selling).
It closed at Rs 157 (buying) and Rs 157.10 (selling).
The buying and selling rates of one tola of gold were Rs. 89,000 (selling) and Rs 88,500(buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.