Firmness prevailed on the money market on Tuesday as the rupee managed to retain its levels against the dollar in the process of trading, they said. The rupee almost maintained overnight levels in relation to the dollar, falling three-paisa for buying and selling at Rs 101.76 and Rs 101.78 respectively, dealers said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee recovered five-paisa in terms of the dollar for buying and selling at Rs 102.65 and Rs 102.85 respectively. It also rose by five-paisa in terms of the euro for buying and selling at Rs 114.75 and Rs 115.75, they said.
In the second Asian trade, the dollar firmed, as traders braced for the outcome of the US Federal Reserve’s two-day policy meeting that takes place amid the backdrop of a looming crisis in Greece. The greenback briefly spiked to a session high of 123.81 yen immediately after Bank of Japan Governor Haruhiko Kuroda said he was not making any assessment on nominal yen levels or predicting its future moves in his comments to parliament last week.
The dollar quickly pared its gains, and was last up about 0.2 percent on the day at 123.58 yen, well shy of a 13-year high of 125.86 yen hit earlier this month. The dollar was trading against the Indian rupee at Rs 64.11, the greenback was at 3.7500 in terms of the Malaysian ringgit and the US currency was at 6.2078 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.75 percent (Previous 05.25-06.75 percent).
Open Bid Rs.102.65
Open Offer Rs.102.85
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs.101.76
Offer Rate Rs.101.78
RUPEE IN LAHORE: The rupee showed strength and gained 20 paisas against the dollar on Tuesday.
The currency dealers said the dollar negatively resumed trading and remained under pressure in the absence of buying support and eventually ended lower at Rs 102.55 and Rs. 102.80 as its buying and selling rate against Rs 102.75 and Rs. 103.00 of Monday. The rupee failed to keep rising and declined against the pound sterling that was traded at Rs 159.50 and Rs 159.75 on buying and selling counter compared with the previous closing of Rs 159.00 and Rs 159.25.
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 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).