The rupee drifted lower versus the dollar in the interbank market, while it showed no major change in the open market on Tuesday in process of trading, dealers said. The rupee continued fall in terms f the dollar for buying and selling at Rs 101.85 and Rs 101.88, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight levels against the dollar for buying and selling at Rs 102.60 and Rs 102.80, they said. The rupee also did not move any side in terms of the euro for buying and selling at Rs 127.25 and Rs 127.50, they said.
In the second Asian trade, the euro steadied on Tuesday after it rebounded against the dollar, thanks to a short squeeze that followed an encouraging improvement in German business sentiment.
Further supporting the euro zone common currency, the head of the Bundesbank warned about the legal hurdles the European Central Bank would face if it went down the path of printing money to buy government bonds. The dollar was trading against the Indian rupee at Rs 61.99, the greenback was available at 3.3465 in terms of the Malaysian ringgit and the US currency was at 6.1405 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.65-77.66 (previous 77.62-77.63). Call Money Rates: 06.25-08.50 percent (Previous 06.25-08.50 percent).
Open Bid Rs 102.60
Open Offer Rs 102.80
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs 101.85
Offer Rate Rs 101.88
RUPEE IN LAHORE: The Pak rupee witnessed mild recovery against the US dollar on the local currency market on Tuesday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 102.80 and Rs 103.05 as its buying and selling rate, respectively. In the absence of buyers’ interest, the dollar was declined to Rs 102.75 and Rs 103.00 on buying and selling counter, respectively, the dealers said.
However, the rupee remained under pressure and was declined on buying side while it stayed unchanged on selling side in relation to pound sterling. The pound’s buying rate was improved from Monday closing of Rs 160.40 to Rs 160.75 while its selling rate remained unchanged at Rs 161.00, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed a recovery of over Rs 1 against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 102.30 (buying) and Rs 102.40 (selling) against last rate of Rs 103 (buying) and Rs 103.10 (selling). It did not observe further change in the second session and closed at Rs 102.30 (buying) and Rs 102.40 (selling).
Pound Sterling opened at Rs 159 (buying) and Rs 160 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 159 (buying) and Rs 160 (selling).