An all-round slide was seen on the currency market on Tuesday as the rupee tended lower versus the dollar and euro, dealers said. The rupee drifted lower as it shed 14-paisa against the dollar for buying and selling at Rs 100.48 and Rs 100.50 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee slipped by 10-paisa in terms of the dollar for buying and selling at Rs 100.70 and Rs 100.90 respectively. It also depreciated by Rs 1.25 against the euro for buying and selling at Rs 126.00 and Rs 126.25 respectively, they said.
In the second Asian trade, the yen hit a two-week high versus the dollar as investors shunned riskier assets, while the rouble – a major victim of plunging oil prices-rebounded after the Russian central bank hiked rates to halt its currency’s collapse.
The slide in oil prices has triggered a bout of volatility in global markets in recent weeks, leaving nervous investors fretting over the deteriorating health of the global economy. The dollar was trading against the Indian rupee at Rs 63.49, the greenback was at 3.4870 in terms of the Malaysian ringgit and the US currency was at 6.190 versus the Chinese yuan.
Open Bid Rs.100.70
Open Offer Rs.100.90
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs.100.48
Offer Rate Rs.100.50
RUPEE IN LAHORE: The national currency was improved against the major currencies including US dollar and British pound on the local currency market on Tuesday.
According to the currency dealers, the dollar was opened on a negative note and remained under pressure. At close of trading, the dollar was ended lower at Rs 100.75 and Rs 101.00 as its buying and selling rate against Rs 101.20 and Rs 101.45 of last Saturday, respectively, the dealers said.
Similarly, the Pak rupee staged recovery and appreciated its worth against the pound sterling. The pound was traded at Rs 157.25 and Rs 157.50 on buying and selling counter compared with previous closing of Rs 158.75 and Rs 159.00, 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 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).