The rupee extended its rise versus the dollar and euro on the currency market on Tuesday, dealers said. The rupee inched up against the dollar, rising three-paisa for buying at Rs 102.12 and it also rose by four-paisa for selling at Rs 102.14, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee appreciated by 20-paisa in terms of the dollar for buying and selling at Rs 101.60 and Rs 101.80 respectively. It did not show any change in relation to the euro for buying and selling at Rs 131.25 and Rs 131.50, they said.
In the second Asian trade, the dollar scaled a 6-year high against the yen and hit a 14-month peak against a basket of currencies on Tuesday, tracking rising US yields after a Federal Reserve study led investors to reassess prospects for higher interest rates.
The dollar was at Rs 60.50 in terms of the Indian rupee, the greenback was available at 3.1875 the Malaysian ringgit and the US currency was at 6.1358 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday.:77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.50-06.75 percent (Previous 05.25-06.75 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
RUPEE IN LAHORE: The Pak rupee staged recovery and was appreciated by 15-paisa against the US dollar on the local currency market on Tuesday.
According to the currency dealers, the dollar was opened on a depressed note and remained under selling pressure. As a result, the dollar was ended lower at Rs 101.85 and Rs 102.10 as its buying and selling rates against Rs 102.00 and Rs 102.25 of Monday, respectively, the dealers said.
However, the Pak rupee-pound sterling parity remained unchanged amid sluggish trading trend. The pound was traded at its overnight closing of Rs 164.75 and Rs 165.00 on buying and selling counters, 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 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against.
Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).