The rupee-dollar parity rate inched up on the currency market on Tuesday in the process of trading, dealers said. The rupee rose slightly versus the dollar for buying and selling at 98.14 and 98.17, experts said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight levels against the dollar for buying and selling at 99.00 and 99.25, they said. While, the rupee lost 75 paisa versus the euro for buying and selling at Rs 130.50 and Rs 130.75, they added.
In the second Asian trade the dollar fell against the yen on Tuesday, pressured by a sell-the-fact reaction following the confirmation hearings of the government's nominees for the two Bank of Japan's deputy governor posts.
Kikuo Iwata, nominated by the government for one of the central bank's two deputy governorships, said that foreign bond purchases would be a policy option only if other initiatives failed. The dollar was trading against the Indian rupee at Rs 54.67, the US currency was available versus the Malaysian ringgit at 3.1000 and greenback was at 6.2218 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 78.80-78.82 (78.82-78.85). Call Money Rates: 07.00-08.00 percent (previous 06.75-08.00 percent.
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Open Bid Rs 99.00
Open Offer Rs.99.25
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.98.14
Offer Rate Rs.98.17
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RUPEE IN LAHORE: The Pak rupee showed stability as it stayed unchanged on buying side at Rs 99.20 while lost 10-paisa on selling side at Rs 99.35 in relation to the greenback on the local currency market on Tuesday.
According to the currency dealers, the dollar witnessed no change in its buying rate that remained unchanged as its Monday closing of Rs 99.20. Because of improved demand, the dollar's selling rate was moved up from 99.25 to Rs 99.35.
The national currency showed weakness and was depreciated against the British pound. The pound's buying and selling rates were improved from previous closing of Rs 150.00 and Rs 150.25 to Rs 150.30 and Rs 151.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi on Tuesday. The dollar opened at Rs 99.80 for buying and Rs 99.90 for selling against same last rate. Buying/selling rates of dollar closed at the same rate by the end of trading session. Pound Sterling opened at Rs 154 for buying and Rs 155 for selling against same last rate. It closed at the same rate without further fluctuation by the end of the day.
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