Slight changes were seen on the money market on Tuesday as the rupee showed no major variations against the dollar in the process of trading, dealers said. The rupee, however, recovered its overnight gains in relation to the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they said.
INTERBANK MARKET RATES: In the second Asian trade, the pound slipped against the yen after a suspected terrorist attack at a concert in Britain’s city of Manchester, while the euro hovered near a six-month high against the dollar on Tuesday after German Chancellor Angela Merkel said the currency was “too weak.”
Sterling was down 0.2 percent at 144.36 yen after weakening to as much as 144.06. It was little changed against the dollar at $1.2992 and a touch lower at 86.60 pence per euro. Police said an explosion at the end of a concert by US singer Ariana Grande in the English city of Manchester on Monday killed at least 19 people and injured more than 50.
Two US officials said a suicide bomber was suspected, while Prime Minister Theresa May said the incident was being treated as a terrorist attack. The safe-haven yen advanced against major peers like the dollar and euro but its gains were modest. The dollar was down 0.2 percent at 111.100 yen after a dip to 110.860 and the euro slid 0.2 percent to 124.860 yen.
The dollar was available against the Indian rupee at Rs 64.770, the greenback was at 4.296 in terms of the Malaysian ringgit and the US currency was at 6.889 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 80.53-80.55 (previous 80.53-80.55).
OPEN MARKET RATES: The rupee stayed put in relation to the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, and it was down by 20 paisas in terms of the euro for buying at Rs 118.60, while, it lost 70 paisas for selling Rs 120.10, they said.
======================== Open Bid Rs.105.90 Open Offer Rs.106.10 ========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
======================== Bid Rate Rs.104.85 Offer Rate Rs.104.86 ========================
RUPEE IN LAHORE: The Pak rupee showed strength as it recovered its earlier losses versus the American dollar in the local currency market on Tuesday.
The US dollar resumed trading on a negative note following fresh buyers’ interest in the market. At the close, it could not sustain and slipped to Rs 105.90 and Rs 106.15 on buying and selling sides, respectively, as compared to the overnight closing rates of Rs 106.00 and Rs 106.40 respectively, said the local currency dealers.
Furthermore, the local currency moved both ways on buying and selling sides versus the pound sterling. The British currency was bought and sold at Rs 137.15 and Rs 137.70 against Monday’s closing rates of Rs 137.00 and Rs 138.10 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed no change against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday. The dollar opened at Rs 105.90 (buying) and Rs 106 (selling) against last rate of Rs 106.05 (buying) and Rs 106.15. It closed at Rs 105.90 (buying) and Rs 106 (selling). Pound Sterling opened at Rs 135 (buying) and Rs 135.50 (selling). It closed at the same rate.-Business Recorder