A divergent trend was seen on the money market on Tuesday as the rupee played both sides versus the dollar in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee continued weakness against the dollar, losing 10-paisa more for buying and selling at Rs 102.90 and Rs 103.10 respectively, while it recovered Rs 1.80 versus the euro for buying and selling at Rs 115.00 and Rs 115.25 respectively, they added.
OPEN MARKET RATES: The rupee picked up five=paisa in relation to the dollar for buying and selling at Rs 101.90 and Rs 101.92 respectively, they said.
In the second Asian trade, the dollar held firm in the wake of a rise in US bond yields and as the euro came under renewed pressure on persistent worries that Greece may miss debt repayments next month.
The dollar last traded at 94.205 versus a basket of six major currencies, having touched a high of 94.336 at one point during the session, its highest level in nearly a week.
The dollar was trading against the Indian rupee at Rs 63.68, the US currency was available at 3.5850 in terms of the Malaysian ringgit and the greenback was at 6.204 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-7.50 percent (Previous 05.25-07.50 percent).
Open Bid Rs 102.90
Open Offer Rs 103.10
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
Bid Rate Rs 101.90
Offer Rate Rs 101.92
RUPEE IN LAHORE: The Pak rupee remained under pressure and further declined against the US dollar on the local currency market on Tuesday.
The currency dealers said the dollar commenced trading on a healthy note and registered gain following fresh buying. At close, the dollar ended further higher at Rs 103.05 and Rs 103.30 as its buying and selling rate against Rs 102.80 and Rs 103.05 of Monday, respectively.
However, the rupee recovered some of its earlier loss and improved against the pound sterling. The pound’s buying and selling rate decreased from the overnight closing of Rs 161.00 and Rs 161.25 to Rs 160.00 and Rs 160.25, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).