Slight changes were seen on the money market on Tuesday, as the rupee fluctuated modestly versus the dollar in the process of trading, dealers said. The rupee inched up one-paisa in terms of dollar for buying and selling at Rs 101.79 and Rs 101.81 respectively, dealers said.
INTERBANK MARKET RATES: OPEN MARKET RATES: In line with the interbank track, the rupee picked up five-paisa versus the dollar for buying and selling at Rs 102.75 and Rs 102.95, however it dropped 70-paisa against the euro for buying and selling at Rs 114.20 and Rs 115.20 respectively, they said.
In the second Asian trade, most emerging Asian currencies rose on Tuesday helped by the dollar’s overnight weakness, but most are set to suffer quarterly losses on expectations of higher US interest rates and concerns over Greece’s endless debt problems.
The Taiwan dollar and the South Korean won led regional daily gains as local exporters bought their currencies for quarter-end settlements. The dollar was trading against the Indian rupee at Rs 63.76, the greenback was at 3.7840 in terms of the Malaysian ringgit and the US currency was at 6.2067 in relation to the Chinese yuan.
Open Bid Rs.102.75
Open Offer Rs.102.95
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs.101.79
Offer Rate Rs.101.81
RUPEE IN LAHORE: The rupee-dollar parity remained stagnant amid a sluggish trading trend on the local currency market on Tuesday.
The dollar failed to see any change in its demand and supply situation, prompting it to be traded at its overnight closing of Rs 102.65 and Rs 102.90 on buying and selling counter. The rupee recovered some of its earlier loss and improved against the pound sterling whose buying and selling rates slide down from the overnight closing of Rs 160.75 and Rs 161.00 to Rs 160.50 and Rs 160.75.
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 101.75 (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).