The value of the dollar moved both ways against the rupee on the money market on Tuesday in the process of trading, dealers said. The rupee managed to resist sharp fall in relation to the dollar, shedding 18-paisa for buying at Rs 102.68 and it also lost 15-paisa for selling at Rs 102.70, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, gained 35-paisa versus the dollar for buying and selling at Rs 101.65 and Rs 101.85 respectively. It sustained its overnight levels in terms of the euro for buying and selling at Rs 133.50 and Rs 133.75, they said.
In the second Asian trade, the dollar took advantage of thin conditions to overcome an options barrier and ascend to its highest level since January against the yen on Tuesday, while the languishing euro plumbed one-year lows against the greenback on expectations of easier euro zone policy ahead. The moves followed a mostly aimless session overnight with market activity subdued due to the Labour Day holiday in the United States.
The dollar was trading against the Indian rupee at Rs 60.61, the greenback was at 3.1680 in terms of the Malaysian ringgit and the US currency was at 6.1455 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.50-06.75 percent (Previous 05.45-06.75 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
RUPEE IN LAHORE: The Pak pee remained under pressure and was declined by 15-paisa in relation to the greenback on the local currency market on Tuesday.
According to the currency dealers, the dollar resumed at its day earlier closing of Rs 102.10 and Rs 102.35 as its buying and selling rates respectively. As a result of fresh demand, the dollar was ended further higher at Rs 102.25 and Rs 102.50 on buying and selling side, respectively, the dealers said.
However, the rupee recovered some of its earlier loss and was appreciated against the pound sterling. The pound was traded at Rs 168.50 and Rs 168.75 on buying and selling counter compared with Monday closing of Rs 168.80 and Rs 169.05, respectively, they added.
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 102.00 (buying) and Rs 102.10 (selling) against last rate. It did not observe further change in the second session and closed at Rs 102.00 (buying) and Rs 102.10 (selling). Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).