The rupee-dollar parity fluctuated slightly on the currency market on Tuesday in process of trading, dealers said. There is a usual case of less speculative activities during the month of Ramadan; so the volatility is seemingly low lately. The rupee is likely to remain stable in coming days with the higher inflow of remittances owing to Eid.
INTERBANK MARKET: The rupee retained overnight level against dollar for buying at 94.65 and shed one paisa for selling at 94.69, respectively.
OPEN MARKET RATES: The rupee inched up by five paisa against dollar for buying while shedding the same amount for selling a 94.80, they said. The local currency retained it's value versus euro for buying and selling at Rs 115.80 and Rs 116.80.
In the second Asian trade euro edged higher against dollar on Tuesday but stayed off a recent three-week high, while the Australian dollar hit a four-month high, supported by expectations that major central banks may add more stimulus.
The single currency moved up 0.1 percent from late US trade on Monday to $1.2274, but remained stuck below the high of $1.2390 hit last Friday.
The dollar was trading against the Indian rupee at 55.71, the greenback versus the Malaysian ringgit was at 3.1400 and the US currency was trading versus the Chinese yuan at 6.376. Inter bank buy/sell rates for taka against dollar on Tuesday: 81.60-81.70 (previous 81.69-81.71). Call Money Rates: 09.00-09.95 percent (previous 08.50-10.00 percent).
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Open Buying Rs 94.60
Open Selling Rs 94.80
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Open Market Rates: Inter-Bank Market for Dollar on Tuesday.
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Bid Rate Rs.94.65
Offer Rate Rs.94.69
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RUPEE IN LAHORE: The Pak rupee gained 10-paisa on buying side while it remained unchanged on selling side in relation to the greenback in the local currency market on Tuesday.
According to the currency dealers, the dollar resumed trading at its Monday closing of Rs 94.60 and Rs 94.90 as its buying and selling rates, respectively. At the close of trading, the dollar's buying rate was declined to Rs 94.50 while its selling rate remained unchanged at Rs 94.90. However, the rupee-pound sterling parity stayed unchanged amid low trading activity in the open market. The pound was purchased and sold at its overnight closing of Rs 147.50 and Rs 148.30, respectively, the dealers said.
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 resumed trading at Rs 94.2 (buying) and Rs 94.3 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.2 (buying) and Rs 94.3 (selling). Pound Sterling opened at Rs 146 (buying) and Rs 146.5 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.5 (selling).
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