Pak Rupee shows mixed trend

Tuesday June 23, 2009

KARACHI : In the starting session the rupee showed mixed trend against dollar on the currency market on Monday, dealers said. The importers were busy in dollar buying to clear the bills before the end of the out-going financial year, they said. On the interbank market the rupee maintained its weekend levels against dollar for buying and selling at 81.35 and 81.40, they said.

In the first Asian trading yen rose, gaining in particular against euro and Australian dollar in a climate of uncertainty ahead of the Federal Reserve meeting this week and stalling investor confidence in riskier assets. The euro was also under pressure as the market awaited the European Central Bank's first ever one-year refinancing operation on Wednesday aimed at getting banks lending again and reducing the cost of borrowing for banks, firms and consumers.


Open Market Rates: The rupee fell sharply in terms of dollar, losing 20 for buying at 81.30 and 35 paisa for selling at 81.50, they said. The rupee, however, gained 20 paisa versus euro for buying at Rs 112.50 and it also rose by 80 paisa for selling at Rs 113.00, they said

Open Buying Rs 81.30
Open Selling Rs 81.50

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

Buying Rs 81.35
Selling Rs 81.40


(BRecorder)