Divergent trends were seen on the currency market on Tuesday as the rupee played both sides in terms of the dollar in the process of activity, dealers said. The rupee managed to recover some ground versus the dollar for buying and selling at Rs 99.30 and 99.35 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, shed 10-paisa versus the dollar for buying and selling at Rs 99.30 and Rs 99.50 respectively. It picked up 25-paisa against the euro for buying and selling at Rs 132.00 and Rs 132.25, they said.
In the second Asian trade, the dollar edged higher, getting a slight lift as US Treasury yields inched away from recent lows, though concerns over rising tensions in Ukraine and the Middle East still looked set to cap the greenback’s advance. The dollar index rose about 0.1 percent to 81.519. The dollar was trading against the Indian rupee at Rs 61.18, the US currency was available at 3.1930 in terms of the Malaysian ringgit and the greenback was at 3.1965 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 77.46-77.48 (previous 77.48-77.48). Call Money Rates: 05.75-07.25 percent (previous 05.75-07.50 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading activity on the local currency market on Tuesday.
According to the currency dealers, the dollar commenced trading at its day earlier closing of Rs 98.95 and Rs 99.20 as its buying and selling rates, respectively. The dollar did not observe any change in its worth throughout the day.
Similarly, the rupee showed stability and stayed unchanged against the British pound amid sluggish trading trend. The pound was traded at its Monday closing of Rs 165.50 and Rs 165.75 on buying and selling counters, respectively, the dealers said.
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.