At the starting session of the new fiscal year 2008-09, the rupee commenced with modest losses against dollar in the open market on Tuesday, shedding 10 paisa for buying at 68.65 and it also fell by five paisa for selling at 68.75, dealers said.
In the interbank market, rates were not issued due to banks closure, they said The rupee shed five paisa against euro at Rs 107.05 for buying and it fell by 15 paisa for selling at Rs 107.25, they added. In the second Asian trading dollar slid against yen but was off a three-week low hit the previous day, its outlook clouded by worries about the US economy's weakness.
The Australian dollar fell against US dollar and yen after the central bank kept interest rates unchanged at a 12-year high of 7.25 percent as expected, and signalled more rate hikes were unlikely in the near term.
================================ Open Buying Rs 68.65 Open Selling Rs 68.75 ================================
RUPEE IN ISLAMABAD AND RAWALPINDI: The open currency markets of Islamabad and Rawalpindi partially remained open due to bank holiday on Tuesday.
Leading money changers and exchange companies closed their business following bank holiday, whereas some currency exchange establishments in the federal capital remained active in buying and selling activity throughout the day.
Similarly, few moneychangers in Rawalpindi city also traded leading currencies like dollar, pound and Euro etc, during day's activity.
The dollar opened at Rs 68.60 (buying) and Rs 68.80 (selling) against the same overnight value. It did not observe further change in the evening session and closed at Rs 68.60 (buying) and Rs 68.80 (selling).
Pound Sterling opened at Rs 135 00 (buying) and Rs 135.25 (selling) against the same previous rate. It remained firm against the Pak rupee in the last trading hours and closed at Rs 135 00 (buying) and Rs 135.25 (selling).
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