The rupee, somehow, managed to recover some losses against the dollar on the money market on Tuesday, dealers said. The rupee appreciated by seven-paisa in relation to the dollar for buying and selling at Rs 98.81 and Rs 98.83 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight level in terms of the dollar for buying and selling at Rs 98.70 and Rs 98.90 respectively, while it did not show any change versus the euro for buying and selling at Rs 132.00 and Rs 132.25, they said.
In the second Asian trade, the dollar was stuck below a 10-1/2 month peak against a basket of currencies on Tuesday, taking a breather after US jobs data last week dampened speculation of an earlier-than-expected interest rate rise by the Federal Reserve. The dollar index held steady at 81.299, staying below a high of 81.573 touched last Thursday, its highest level since mid-September of last year.
The dollar was trading against the Indian rupee at Rs 60.83, the greenback was at 3.1850 in terms of the Malaysian ringgit and the US currency was available at 6.1750 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 77.50-77.50 (previous 77.50-77.50). Call Money Rates: 06.50-08.25 percent (previous 06.50-08.25 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
RUPEE IN LAHORE: The Pak rupee remained under pressure in relation to the foreign currencies on the open currency markets of Lahore on Tuesday.
According to the money changers, the dollar resumed trading at Rs 99.00 (buying) and Rs 99.15 (selling) against Rs 98.70 and Rs 99.20 of Monday. In the wake of fresh buying, the greenback appreciated its worth by 35-paisa on buying side at Rs 99.05 and 10-paisa on selling side at Rs 99.30 in relation to the local currency.
Likewise, the British pound improved its worth against the Pak rupee. Pound Sterling was purchased and sold at Rs 166.20 and Rs 167.00 as against Rs 166.00 and Rs 167.00 on Monday.
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.