THE RUPEE: nine paisa gain on interbank

Firmness prevailed on the currency market on Tuesday as the rupee picked up nine paisa against the dollar due to easy supply of the US currency, dealers said. The rupee gained nine paisa against the dollar for buying and selling at Rs 98.34 and Rs 98.36, they added.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee sustained its levels in terms of the dollar for buying and selling at Rs 98.85 and Rs 99.10, they said. While, the rupee lost 50 paisa in relation to the euro for buying and selling at Rs 126.25 and Rs 126.50, they added.
In the second Asian trade, the yen shot to a one-month high against the dollar on Tuesday after softer-than-expected US manufacturing data prompted investors to sell the greenback. But further gains for the Japanese currency could be limited as investors wait to see what the Bank of Japan (BoJ) will deliver at its April 3-4 policy meeting.
The dollar was trading against the Indian rupee at Rs 54.30, the greenback was at 3.0855 in terms of the Malaysian ringgit and the US currency was at 6.200 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 78.10-78.11 (78.10-78.11). Call Money Rates: 05.25-07.25 percent (previous 05.25-07.50 percent.

========================

Open Bid        Rs 98.85

Open Offer      Rs 99.10

========================

Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.

========================

Bid Rate        Rs.98.34

Offer Rate      Rs.98.36

========================

RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading activity on the local currency market on Tuesday.
According to the currency dealers, the dollar witnessed no change in its demand and supply situation that helped rupee's stability. The dollar was traded at its overnight closing of Rs 98.70 and Rs 99.00 as its buying and selling rates, respectively.
On the contrary, the rupee failed to maintain rising trend and was depreciated against the British pound. The pound's buying and selling rates were improved from Monday closing of Rs 148.80 and Rs 149.50 to Rs 149.00 and Rs 149.60, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Tuesday. The dollar opened at Rs 99.20 (buying) and Rs 99.30 (selling) against same last rate. It closed on same period of Rs 99.20 (buying) and Rs 99.30 (selling) by the end of evening session. Pound Sterling opened at Rs 154 (buying) and Rs 155 (selling) against same last rate. It closed at the same rate without further change in the evening session.
Copyright Business Recorder, 2013