The rupee inched up against the dollar on the currency market on Tuesday, dealers said. The rupee managed to gain three-paisa versus the dollar for buying and selling at Rs 98.58 and Rs 98.60 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee picked up five-paisa in terms of the dollar for buying at Rs 99.65 while it held the overnight level for selling at Rs 99.85.
The rupee was unmoved in relation to the euro for buying and selling at Rs 135.50 and Rs 135.75 respectively, they said. In the second Asian trade, the dollar held steady versus a basket of major currencies, clinging to gains made the previous day thanks to higher US bond yields after last week’s solid US jobs report. The dollar index stood at 80.607, keeping above a near two-week trough of 80.240 touched last Friday.
The dollar was trading against the Indian rupee at Rs 59.27, the greenback was at 3.2025 in relation to the Malaysian ringgit and the US currency was available at 6.2336 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 77.63-77.63 (previous 77.63-77.6320). Call Money Rates: 05.70-07.25 percent (previous 05.50-07.25 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
RUPEE IN LAHORE: The Pak rupee maintained downward slide and was further declined by five-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 99.65 and Rs 99.90 as its buying and selling rates, respectively. As a result of marginal increase in dollar’s demand, its rate was ended higher at Rs 99.70 and Rs 99.95 on buying and selling side, respectively. However, the rupee showed marginal recovery and was improved against the pound sterling. The pound’s buying and selling rates were declined from Monday closing of Rs 167.35 and Rs 167.60 to Rs 167.25 and Rs 167.50compared, respectively, the dealers said.
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 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (selling). Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.