WEB DESK: The rupee drifted lower marginally in relation to the dollar on the money market on Tuesday in the process of trading, dealers said.
The rupee shed four-paisa versus the dollar for buying at Rs 105.49 and two-paisa for selling at Rs 105.51, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight levels against the dollar for buying and selling at Rs 105.50 and Rs 105.70, they said. The rupee gained 20-paisa versus the euro for buying and selling at Rs 115.30 and Rs 116.30, they added.
In the second Asian trade, the dollar, euro and yen treaded water, as the market was quiet with Tokyo on holiday and traders awaiting direction after the latest readings on global manufacturing activity failed to show clear economic trends. In Asia, the Australian dollar was the biggest mover in an otherwise sedate session, rising after the Reserve Bank of Australia (RBA) left interest rates unchanged.
The dollar was trading against the Indian rupee at Rs 65.45, the greenback was at 4.2820 in terms of the Malaysian ringgit and the US currency was at 6.336 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 78.14-78.15 (previous 78.07-78.10).
Open Bid Rs 105.50
Open Offer Rs.105.70
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs.105.49
Offer Rate Rs.105.51
RUPEE IN LAHORE: The Pak rupee recovered some of its earlier loss and gained 10-paisa 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 105.55 and Rs 105.90 on buying and selling side but could not sustain due to lacking buyers’ interest. At close, the dollar ended at Rs 105.45 and Rs 105.80 as its buying and selling rate, respectively.
Similarly, the rupee staged recovery and improved against the pound sterling that was traded at Rs 161.60 and Rs 162.00 on buying and selling counter compared with the Monday closing of Rs 162.00 and Rs 162.80, respectively, the dealers 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 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 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
Source: Business Recorder