On the back of persistent demand, the dollar maintained its commanding position against the rupee on the currency market on Tuesday, money experts said. It has been observed that with the gradual pace, the dollar is going up versus the national currency despite efforts by the government to halt the slide of the rupee, they added.
INTERBANK MARKET RATES: The rupee shed five paisa in relation to the dollar for buying at 96.20 and six paisa for selling at 96.24, they said.
OPEN MARKET RATES: The rupee failed to resist fresh erosion, losing 10 paisa against the dollar for buying and selling at 97.10 and 97.30, experts said. The rupee held the overnight levels versus the euro for buying and selling at Rs 124.70 and Rs 125.70, they added. In the second Asian trade, the euro hit a one-month high versus the dollar after a deal on a new debt target for Greece but the gains proved fleeting as an agreement had been largely priced in, and some analysts said the single currency could start to lose momentum. The yen slipped after Japan's opposition leader and likely next prime minister after an election next month reiterated calls for bolder monetary and fiscal stimulus to revive the country's economy. The dollar was trading against the Indian rupee at Rs 55.70. The greenback was available at 3.0500 in terms of the Malaysian ringgit and at 6.222 versus the Chinese yuan.
Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.20-81.55 (previous 81.10-81.25). Call Money Rates: 07.70-07.75 percent (previous 05.80-08.50 percent).
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Open Buying Rs 97.10
Open Selling Rs 97.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs 96.20
Offer Rate Rs 96.24
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RUPEE IN LAHORE: The rupee maintained downward trend for another day and lost 10 paisa on buying side and 5 paisa on selling side in relation to the dollar on the local currency market Tuesday.
According to the currency dealers, the dollar witnessed fresh demand that helped it appreciate in the city markets. As a result, the dollar was closed at Rs 97.20 and Rs 97.40 as its buying and selling rates against Rs 97.10 and Rs 97.35 of Monday, respectively.
The rupee also remained weak and got depreciated on buying side while staying unchanged on selling side against the pound sterling. The pound was traded at Rs 153.70 and Rs 154.20 on buying and selling counters compared with overnight closing of Rs 153.60 and Rs 154.20, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar resumed trading at Rs 95 (buying) and Rs 95.60 (selling) against the same last rate. It did not observe further change in the evening session and closed at Rs 95 (buying) and Rs 95.60 (selling).
Pound Sterling opened at Rs 151.90 (buying) and Rs 153 (selling) against the same last rate. It did not observe further change in the evening session and closed at Rs 151.90 (buying) and Rs 153 (selling).
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