The rupee sustained its overnight firmness against the dollar on the local currency market on Tuesday, dealers said. The rupee slipped by two-paisa in relation to the dollar for buying Rs 104.20 and it did not move any side for selling at Rs 104.22, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee almost retained last levels against the dollar for buying and selling at Rs 104.50 and Rs 104.75 respectively, while it shed 55-paisa in terms of the euro for buying and selling at Rs 117.25 and Rs 118.25, they said.
In the second Asian session, the yen and euro edged higher as falls in Asian equities kept the focus on whether investors would need to further unwind carry trades, bets in risk assets funded by low-yielding currencies. Surveys of China’s manufacturing and services sector that reinforced worries of a sharper slowdown in the economy helped keep the yen and euro on firm footings.
The dollar fell 0.3 percent to 120.86 yen, having retreated from its recent peak of 121.76 yen set late last week. The euro rose 0.5 percent to $1.1263, extending its recovery from last week’s one-week low of $1.1156.
The dollar was trading against the Indian rupee at Rs 66.48, the greenback was at 4.1450 in terms of the Malaysian ringgit and the US currency was at 6.3750 versus 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: 05.30-6.50 percent (Previous 05.25-06.50 percent).
Open Bid Rs.104.50
Open Offer Rs.104.75
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs.104.20
Offer Rate Rs.104.22
RUPEE IN LAHORE: The rupee remained under pressure in relation to the greenback at the open currency markets of Lahore on Tuesday.
Currency dealers said the dollar resumed trading at overnight closing of Rs 104.65 and Rs 104.90 on buying and selling counters, respectively. The greenback appreciated its worth by 05-paisa following surge in its demand. The dollar was closed at Rs 104.70 and Rs 104.95 on buying and selling counters, respectively.
The British pound lost its worth against the rupee on buying side. Pound Sterling was purchased and sold at Rs 160.00 and Rs 160.70 as against Rs 160.30 and Rs 160.70 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).