Pak Rupee: Dollar five paisa down

Tuesday June 30, 2009

KARACHI: Slight improvement was seen on the interbank market on Monday as the rupee gained five paisa against dollar for buying and selling at 81.40 and 81.45, experts said. In the first Asian trading day dollar regained some ground after falling broadly late last week on a renewed call by China for a super-sovereign reserve currency, placing higher-risk currencies such as the Australian dollar under pressure.

But activity was subdued ahead of significant data this week, including US employment numbers on Thursday, which investors are awaiting to see if a months-long rally in riskier assets such as commodity-linked currencies and shares is sustainable.

Open Market Rates: The rupee showed no change against dollar for buying at 81.50 and selling at 81.60, they said. The rupee, however, gained 80 paisa versus euro for buying at Rs 112.70 and rose by 30 paisa for selling at Rs 113.70, they said.

Buying Rs 81.40
Selling Rs.81.45

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

Open Buying Rs.81.50
Open Selling Rs.81.60


(BRecorder)