The rupee drifted lower versus the dollar in the interbank market on Tuesday in the process of trading, dealers said. The rupee dropped by 11 paisa in relation to the dollar for buying and selling at Rs 101.31 and Rs 101.33 they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee firmly held the overnight levels against the dollar for buying and selling at Rs 101.40 and Rs 101.60, they said.
The rupee maintained its rise in relation to the euro, picking up 50 paisa for buying and selling at Rs 114.00 and Rs 114.25, they said. In the second Asian trade, commodity currencies held on to modest gains made on talk of possible Chinese stimulus and a notional bottoming-out of oil prices, while the US dollar’s payrolls-inspired rally ran out of steam.
The Australian dollar gained 0.4 percent to $0.7828, keeping some distance from a 5-1/2-year low of $0.7627 touched a week ago following a rate cut by the Reserve Bank of Australia. The dollar was trading against the Indian rupee at Rs 61.97, the greenback was at 3.5800 in terms of the Malaysian ringgit and the US currency was at 6.244 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-09.00 percent (Previous 07.00-09.00 percent).
Open Bid Rs.101.40
Open Offer Rs.101.60
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs.101.31
Offer Rate Rs.101.33
RUPEE IN LAHORE: The Pak rupee recovered in relation to the greenback on the local currency market on Tuesday. According to the currency dealers, the dollar resumed trading on a negative sign and remained under pressure due to lacking buyers’ interest. At close, the dollar was ended lower at Rs 101.45 and Rs 101.70 on buying and selling side against Rs 101.65 and Rs 101.90 of Monday, respectively.
Similarly, the rupee showed strength and appreciated its worth against the pound sterling. The pound’s buying and selling rate was declined from overnight closing of Rs 154.35 and Rs 154.60 to Rs 153.75 and Rs 154.20, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday. The dollar opened at Rs 100.75 (buying) and Rs 101 (selling) against last rate of Rs 101 (buying) and Rs 101.25 (selling). It did not observe further change in the second session and closed at Rs 100.75 (buying) and Rs 101 (selling). Pound Sterling opened at Rs 152 (buying) and Rs 153 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 152 (buying) and Rs 153 (selling).