The rupee was unchanged against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee was inert in relation to the dollar for buying at Rs 105.44 while it shed one paisa for selling and Rs 105.46, they said.
INTER-BANK MARKET RATES: In the second Asian trading session, sterling was flat on the day at $1.3115, nursing losses after it skidded in the previous session against a backdrop of political turmoil as British lawmakers this week debate the U.K. government's plans for leaving the European Union.
The Brexit bill will be debated on Tuesday and Wednesday, with as many as 40 of Prime Minister Theresa May's Conservative lawmakers prepared to support a no-confidence motion against her, according to the Sunday Times newspaper. The dollar index, which tracks the US currency against a basket of six major rivals, was steady on the day at 94.486.
Against its Japanese counterpart, the dollar inched slightly higher to 113.66 yen, but remained below its eight-month high of 114.735 hit last week. "The dollar is getting support from US yields, but I am actually surprised that it did not go higher, so perhaps the correlation between yields and the dollar is breaking down," said Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo.
The dollar was trading against the Indian rupee at Rs 65.455, the greenback was available versus the Malaysian ringgit at 4.188 and the US currency was at 6.640 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 81.15-81.15 (previous 81.10-81.10).
OPEN MARKET RATES: The rupee did not move any side versus the dollar for buying and selling at Rs 107.20 and Rs 107.40 respectively, they said. The rupee dropped by 75 paisas in terms of the euro for buying and selling at Rs 125.50 and Rs 126.80 respectively, they said.
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Open Bid Rs.107.20
Open Offer Rs.107.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.105.44
Offer Rate Rs.105.46
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RUPEE IN LAHORE: The Pak rupee showed strength as it registered appreciation in relation to the greenback in the local currency market on Tuesday.
According to currency dealers, the greenback resumed trading on a negative note following lack of buyers' interest in the market. Consequently, it slid to Rs 107.05 and Rs 107.35 for buying and selling, respectively, as compared to the overnight closing trend of Rs 107.15 and Rs 107.40 respectively, they added.
In addition, the local currency moved both ways in terms of the pound sterling. The British currency was bought and sold at Rs 140.15 and Rs 140.70 against Rs 139.70 and Rs 140.80 of Monday, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 107.60 (buying) and Rs 106.70 (selling) against same last rate. It closed at Rs 107.60 (buying) and Rs 106.70 (selling).
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