The rupee managed to resist sharp fluctuations against the dollar on the money market on Tuesday, dealers said. The rupee almost sustained its overnight levels in terms of the dollar for buying and selling at Rs 101.74 and Rs 101.75 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, lost 10-paisa against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively, while it did not move any side versus the euro for buying and selling at Rs 112.50 and Rs 113.50, respectively, they said.
In the second Asian trade, the dollar strengthened against the yen and euro after Greece finally agreed to a debt deal with its creditors, allowing market focus to shift back towards US and European yield differentials. The greenback performed well against its Japanese peer, which lost its safe-haven appeal with the worst-case-scenario of Greece exiting the euro seemingly averted.
The dollar was steady at 123.46 yen after touching a 12-day high of 123.74 yen, having pulled away from a near two-month low of 120.41 struck last week.
The dollar was trading against the Indian rupee at Rs 63.52, the greenback was available at 3.8050 in terms of the Malaysian ringgit and the US currency was at 6.208 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: 05.25-6.50 percent (Previous 05.25-06.50 percent).
Open Bid Rs.102.80
Open Offer Rs.103.00
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs.101.74
Offer Rate Rs.101.75
RUPEE IN LAHORE: The rupee remained weak and marginally declined by five paisas on Tuesday.
The dollar began trading at its day earlier closing of Rs 102.65 and Rs 102.90 as its buying and selling rate, respectively, showing a slight increase in its demand though it moved up and ended at Rs 102.70 and Rs 102.95 on buying and selling counter, respectively. The rupee recovered some of its earlier losses and improved against the pound sterling which was traded at Rs 158.10 and Rs 158.50 on buying and selling side against Rs 158.20 and Rs 159.00 of Monday, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 102 (buying) and Rs 102.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 102 (buying) and Rs 102.20 (selling).
Pound Sterling opened at Rs 157 (buying) and Rs 157.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 157 (buying) and Rs 157.50 (selling).