Rupee-dollar official parity moved in a narrow band on the currency market on Tuesday in the process of trading, dealers said. The rupee shed two paisa against the dollar for buying at Rs 98.80 and it also dropped by one paisa for selling at Rs 98.81, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, gained five paisa versus the dollar for buying and selling at Rs 98.75 and Rs 98.95, they said. The rupee also rose by 50 paisa in terms of the euro for buying and selling at Rs 134.00 and Rs 134.25, they said.
In the second Asian trade, the dollar edged up against the yen after the Bank of Japan tweaked its growth forecast lower, although currency moves were small as investors waited for Federal Reserve Chair Janet Yellen’s congressional testimony later in the session. The BOJ kept monetary policy steady as expected and trimmed its economic growth forecast for the current fiscal year to March 2015 to reflect soft exports and a slump in household spending after a sales tax increase.
The dollar was trading against the Indian rupee at Rs 60.21, the greenback was available at 3.1790 in terms of the Malaysian ringgit and the US currency was at 6.2103 versus the Chinese yuan. Interbank buy/sell rates for the taka BDT against the dollar on Tuesday. 77.60-77.60 (previous 77.60-77.60). Call Money Rates: 05.50-07.00 percent (previous 05.50-07.00 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
RUPEE IN LAHORE: The Pak rupee remained under pressure 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 98.90 and Rs 99.15 as its buying and selling rates, respectively. Because of fresh demand, the dollar was ended higher at Rs 99.00 and Rs 99.25 on buying and selling side, respectively, the dealers said.
Likewise, the rupee failed to maintain upward slide and was declined against the pound sterling. The pound was purchased and sold at Rs 169.10 and Rs 169.35 compared with Monday closing of Rs 169.00 and Rs 169.25, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at 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.