The rupee moved in a narrow band against the dollar on local currency market on Tuesday in the process of trading, dealers said. The rupee shed two-paisa versus the dollar for buying and selling at Rs 98.84 and Rs 98.86, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight levels in terms of the dollar for buying and selling at Rs 98.70 and Rs 98.90 respectively, while it gained 30-paisa in relation to the euro for buying and selling at Rs 132.70 and Rs 132.95, they said.
In the second Asian trade, the yen dipped against the dollar and euro on Tuesday on a slight reduction in geopolitically-inspired risk aversion that lifted equities across Asia. Still, markets were unable to fully shake off geopolitical concerns as tensions in the Ukraine and Gaza remained high, keeping the dollar and euro in a narrow corridor against the Japanese currency.
The dollar was trading against the Indian rupee at Rs 60.19, the greenback was available at 3.1760 in terms of the Malaysian ringgit and the US currency was at 6.205 versus the Chinese yuan. Interbank buy/sell rates for the taka BDT= against the dollar on Tuesday: 77.54-77.54 (previous 77.55-77.58). Call Money Rates: 05.75-07.25 percent (previous 05.50-07.25 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
RUPEE IN LAHORE: The Pak rupee staged recovery and gained 10-paisa in relation to the greenback on the local currency market on Tuesday.
According to the currency dealers, the dollar was opened on a depressed note and remained under pressure because of lacking buyer’s interest. At close of trading, the dollar was ended lower at Rs 98.75 and Rs 99.00 as its buying and selling rates against Rs 98.85 and Rs 99.10 of Monday, respectively, the dealers said.
Similarly, the rupee remained strong and appreciated its worth against the pound sterling. The pound’s buying and selling rates were decreased from overnight closing of Rs 168.50 and Rs 168.75 to Rs 168.00 and Rs 168.25, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Tuesday. The dollar opened at Rs 98.50 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (selling). Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.