The rupee depicted slight changes against the dollar on the currency market on Tuesday in the process of trading, dealers said. The rupee inched up by three-paisa versus the greenback for buying at Rs 98.78 and it also moved with little gain of one-paisa for selling at Rs 98.82, dealers said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, lost 10-paisa in relation to the dollar for buying at Rs 99.30 and it also shed five-paisa for selling at Rs 99.45, dealers said. The national currency failed to sustain its levels against the euro, dropping 75-paisa for buying and selling at Rs 136.75 and Rs 137.00, they said.
In the second Asian trade, the euro stabilised near one-month lows against the dollar, although it remains under pressure as investors expect the European Central Bank to try to limit its longer-term strength in a bid to boost the euro-zone economy.
The euro fetched $1.3755, near its one-month low of $1.3745 hit on Friday, having fallen 1.2 percent since ECB chief Mario Draghi said the bank was ready to take action next month to lift economic growth. The dollar was trading against the Indian rupee at Rs 59.85, the greenback was at 3.2370 in terms of the Malaysian ringgit and the US currency was at 6.2309 versus the Chinese yuan.
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
RUPEE IN LAHORE: The Pak rupee maintained downward trend and shed 10-paisa against the US dollar on the local currency market on Tuesday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 99.40 and Rs 99.65 as its buying and selling rates, respectively. The dollar witnessed fresh demand that helped improve its worth against the national currency. At close, the dollar’s rate was improved to Rs 99.50 and Rs 99.75 on buying and selling side, respectively, the dealers said.
However, the rupee recovered some of its earlier loss and was improved against the pound sterling. The pound’s buying and selling rates were declined from Monday’s closing of Rs 167.05 and Rs 167.30 to Rs 167.00 and Rs 167.25, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 98.50 for buying and Rs 98.60 for selling against same last rate. It did not observe further change in the second session and closed at Rs 98.50 for buying and Rs 98.60 for selling.
Pound Sterling opened at Rs 165 for buying and Rs 165.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.