The dollar posted fresh gains against the rupee on the money market on Tuesday, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 104.83 and Rs 104.85 respectively, they said. In the second Asian trade, the dollar held near nine-month highs against a basket of major currencies on Tuesday as solid US manufacturing activity and comments from a Federal Reserve official cemented expectations of a US rate hike by year-end.
INTERBANK MARKET RATES: The dollar's index against a basket of six major currencies traded at 98.768. The dollar index had hit a high of 98.846 on Monday, having risen 3.6 percent so far this month.
The dollar was trading against the Indian rupee at Rs 66.88, the greenback was available at 4.1725 versus the Malaysian ringgit and US currency was at 6.7760 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 78.40-78.40 (previous 78.40-78.40).
OPEN MARKET RATES: The rupee continued decline in terms of the dollar, shedding 10 paisas against the dollar for buying and selling at Rs 105.70 and Rs 105.90 respectively, they said. The rupee also slid in terms of the euro, losing 30 paisas for buying and selling at Rs 115.30 Rs 116.80 respectively, they said.
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Open Bid Rs.105.70
Open Offer Rs.105.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.104.83
Offer Rate Rs.104.85
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RUPEE IN LAHORE: The Pakistani rupee remained under pressure for the second consecutive day against the greenback in the local currency market on Tuesday.
The trading activity of the greenback resumed on a good note and registered surge in its worth during the day's trading. Due to the short supply, the greenback further ended at Rs 106.00 and Rs 106.15 on buying and selling sides, respectively, as compared to the day earlier closing of Rs 105.85 and Rs 106.00, local currency dealers said.
On the contrary, the rupee showed strength and remained unchanged versus the pound sterling on buying side while it remained strong and further recovered by 20-paisa on the selling side. The pound was bought and sold at Rs 129.00 and Rs 129.40 against the Monday's closing of Rs 129.00 and Rs 129.60, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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