THE RUPEE: mixed patterns

The rupee moved both ways on the money market on Tuesday in the process of trading, dealers said. The rupee continued fall versus the dollar, falling 11-paisa for buying and selling at Rs 104.44 and Rs 104.47 respectively, they said.

INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee picked up five-paisa in relation to the dollar for buying and selling at Rs 104.40 and Rs 104.60 respectively, they said. The rupee also gained 25-paisa in terms of the euro for buying and selling at Rs 115.75 and Rs 116.75 respectively, they said.

In the second Asian trade, the dollar dipped against the yen, reversing earlier modest gains as Asian equities tottered and put the safe-haven Japanese currency in favour.

Trading was subdued due to the closure of US markets on Monday for a holiday. The dollar lost 0.2 percent to 119.00 yen, sliding from a high of 119.53 as Japanese and Chinese shares declined and dented risk appetite.

The euro gained 0.2 percent to $1.1190. “In terms of dollar/yen, it has been led back and forth by equities-particularly the impact of Chinese shares on Japanese stocks,” said Koji Fukaya, president of FPG Securities in Tokyo.

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: 05.30-6.50 percent (Previous 05.25-06.50 percent. The dollar was trading against the Indian rupee at Rs 66.82, the greenback was at 4.3650 in terms of the Malaysian ringgit and the US currency was at 6.369 versus the Chinese yuan.

Open Bid       Rs.104.40
Open Offer     Rs.104.60

Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.

Bid Rate       Rs.104.44
Offer Rate     Rs.104.47

RUPEE IN LAHORE: The Pak rupee remained firm in relation to the greenback at the open currency markets of Lahore on Tuesday.

Currency dealers said that the dollar resumed trading at Monday’s closing rates of Rs 104.60 and Rs 104.85 on buying and selling counters, respectively. In the absence of fresh buying activity, the dollar lost its worth by 10-paisa on buying side at Rs 104.50 and 5-paisa on selling side at Rs 104.80.

On the other hand, the local currency depreciated its worth against the British Pound, which was purchased and sold higher at Rs 159.20 and Rs 159.70 as against Rs 158.10 and Rs 158.70 on Monday, the dealers said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Tuesday.

The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling). Pound Sterling opened at Rs 161 (buying) and Rs 161.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 161 (buying) and Rs 161.50 (selling)

Recorder Report