No major change was seen in the in the interbank market on Tuesday as the rupee almost maintained its overnight levels against the dollar for buying and selling at Rs 60.71 and Rs 60.72, dealers said. Good supply of dollar enabled the rupee to stand firmly in relation to the dollar, they said.
Money dealers expected that if the dollar demand by the corporate sector surges, the rupee may show soft trend in days to come. In the world markets, the dollar extended gains against the yen on Tuesday as traders resumed selling the Japanese currency following a rebound in Japanese stock prices. The dollar rose to 116.24 yen, up more than 1 yen from the day's low and pulling away from a three-month low of 115.16 yen touched on Monday.
OPEN MARKET RATES: The rupee moved both ways in relation to the dollar as it gained two paisa for buying at Rs 60.68 and three paisa for selling at Rs 60.78, dealers said. The rupee extended its gains against the euro, picking up more 24 paisa for buying and selling at Rs 79.31 and Rs 79.41, they said.
================================
Buying Rs 60.68
Selling Rs 60.78
================================
INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
==============================
Buying Rs 60.71
Selling Rs 60.72
==============================
RUPEE IN LAHORE: The dollar-rupee parity remained unchanged amid sluggish trading trend in the local currency markets on Tuesday.
According to the currency dealers, there was no change in dollar's demand and supply condition, which helped the local currency maintain its overnight level. The dollar resumed trading at Monday's closing rates of Rs 60.65 and Rs 60.75 on buying and selling sides, respectively. The opening rates continued to prevail during the entire day's trading and finally closed at the same levels, the dealers added.
On the contrary, the local currency failed to maintain upward trend and depreciated its worth against the pound sterling. The British pound was purchased at Rs 116.60 and was sold at Rs 116.90 as compared to Rs 116.45 and Rs 117.80 of Monday, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi on Tuesday.
The dollar opened at Rs 60.60 (buying) and Rs 60.70 (selling) against same last rate. It did not observe change in the last trading hours and closed at Rs 60.60 (buying) and Rs 60.70 (selling).
Pound Sterling opened at Rs 117.70 (buying) and Rs 117.90 (selling) against same previous rate. It did not show any fluctuation by the end of second session and closed at Rs 117.70 (buying) and Rs 117.90 (selling).
Comments
Comments are closed.