Slight changes were witnessed in the value of the rupee against the dollar on the money market on Monday in process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee fluctuated with minor changes in terms of the dollar for buying and selling at Rs 155.90 and Rs 155.92, dealers said.
OPEN MARKET RATES: The rupee managed to hold weeks long levels in relation to the dollar for buying and selling at Rs 155.70 and Rs 156.20, they added. While, the rupee inched up marginally versus the euro for buying and selling at Rs 173.20 and Rs 175.20, they added.
In the first Asian trade, sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement.
The move derailed Prime Minister Boris Johnson's plan for a decision on his withdrawal deal, but the pound held the bulk of its recent rally on confidence that a disorderly exit from the European Union would be avoided.
In Asian trade, the pound fell 0.61% to $1.2910, having hit a five-month peak of $1.2990 on Friday and closing the week just below the $1.30 mark, a 6.5% surge since Johnson struck an EU divorce deal on Oct. 10.
The dollar was available against the Indian rupee at Rs 14110.000, the greenback was at 4.183 in terms of the Malaysian ringgit ad the US currency was at 7.074 versus the Chinese yuan.
Open Bid Rs.155.70
Open Offer Rs.156.20
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs.155.90
Offer Rate Rs.155.92
RUPEE IN LAHORE: The Pak rupee marginally improved its worth in process of trading against the greenback in the local currency market on Monday.
Following lack of buyers' interest in the market, the greenback depreciated by five paisas and ended lower for buying and selling at Rs 155.80 and Rs 156.20 against the previous closing rate of Rs 155.85 and Rs 156.25 respectively, local currency dealers said.
Moreover, the national currency observed divergent trend as it moved both ways in relation to the pound sterling. The British currency was bought and sold at Rs 201.30 and Rs 202.00 against Saturday's closing rate of Rs 201.00 and Rs 203.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 5 paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 156.20 (buying) and Rs 156.25 (selling) against last rate of Rs 156.25 (buying) and Rs 156.30 (selling). It closed at Rs 156.20 (buying) and Rs 156.25 (selling).
The buying and selling rates of one tola of gold were Rs. 87,100 (selling) and Rs 87,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.