An upward trend prevailed on the money market on Tuesday in the process of trading, dealers said. The rupee maintained its rising trend versus the dollar, picking up four-paisa for buying and selling at Rs 102.72 Rs 102.74 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also gained 25-paisa in terms of the greenback for buying and selling at Rs 102.30 and Rs 102.55 respectively, while it sustained its value in relation to the euro for buying and selling at Rs 131.75 and Rs 132.00, they said.
In the second Asian trade, the dollar hovered just below a four-year peak against a basket of major currencies on Tuesday as the euro steadied near a 14-month trough with sellers taking a bit of a breather. The dollar index last traded at 84.671, having peaked at 84.861 on Monday, a high not seen since July 2010.
The dollar was available at Rs 60.89 in terms of the Indian rupee, the greenback was at 3.2460 versus the Malaysian ringgit and the US currency was at 6.1404 against the Chinese yuan. Inter bank buy-sell rates for the taka against the dollar on Tuesday: 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 06.40-08.25 percent (Previous 06.40-08.25 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
RUPEE IN LAHORE: The Pak rupee maintained upward move for another day and gained five-paisa in relation to the greenback on the local currency market on Tuesday.
According to the currency dealers, the dollar commenced trading at its day earlier closing of Rs 102.65 and Rs 102.90 as its buying and selling rates, respectively. In the absence of buyers’ interest, the dollar could not sustain and was further slide down to Rs 102.60 and Rs 102.85 on buying and selling counter, respectively, the dealers said.
On the contrary, the rupee remained weak and was declined against the pound sterling. The pound’s buying and selling rates were further improved from Monday closing of Rs 167.50 and Rs 167.75 to Rs 167.55 and Rs 167.80, 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).