The rupee improved with modest gains against the dollar on the interbank market on Tuesday in the process of trading, dealers said. The rupee managed to recover 20-paisa in relation to the dollar for buying and selling at Rs 100.55 and Rs 100.58 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee depicted no change versus the dollar for buying and selling at Rs 100.80 and Rs 101.00 respectively. It also held the overnight levels in relation to the euro for buying and selling at Rs 118.75 and Rs 119.00 respectively, they said.
In the second Asian trade, the dollar skidded to its lowest level against the yen in a month on Tuesday, as Treasury yields fell on increased demand for safe-haven assets against a backdrop of plunging oil prices. The dollar fell about 0.5 percent against the yen to 117.83, as markets in Tokyo reopened after Monday’s public holiday. It earlier touched 117.74 yen, its lowest level since Dec 17.
The dollar was trading against the Indian rupee at Rs 62.09, the greenback was at 3.5870 in terms of the Malaysian ringgit and the US currency was available at 6.2019 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.88-77.95 (previous 77.92-77.95). Call Money Rates: 07.00-09.25 percent (Previous 07.00-09.50 percent).
Open Bid Rs.100.80
Open Offer Rs.101.00
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs.100.55
Offer Rate Rs.100.58
RUPEE IN LAHORE: The Pak rupee staged recovery and gained 50-paisa against the US dollar on the local currency market on Tuesday.
According to the currency dealers, the dollar failed to maintain upward moved and was opened on a depressed note. Because of selling pressure, the dollar could not sustain and was declined to Rs 100.75 and Rs 101.00 on buying and selling side against Rs 101.25 and Rs 101.50 of Monday, respectively, the dealers said.
On the contrary, the rupee could not continued rising trend and remained under pressure against the British pound. The pound was purchased and sold at Rs 152.00 and Rs 152.25 compared with day earlier closing of Rs 150.50 and Rs 150.75, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Tuesday. The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling). Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).