The rupee stood firmly against dollar and euro on the local currency market on Tuesday, dealers said. On the interbank market the rupee posted fresh gain of five paisa at 85.55 and 85.59 in relation to dollar for buying and selling due to strong supply of the US currency, they said.
In the second Asian trade dollar eased, inching closer to a two-month low versus euro hit last week as investors continued to cut long positions on more disappointing US economic data. The greenback rose a little against yen on bids from Japanese importers, but remained close to a seven-month low marked last week, leading many market players to look to what authorities in Japan could do about a firm yen.
Indian rupee was at Rs 47.11 in relation to dollar, Malaysian ringgit was trading at 3.2190 in terms of the US currency and Chinese yuan was available at 6.7795 per dollar.
Interbank buy/sell rates for the taka against dollar on Tuesday. 69.40/69.42 (previous 69.40/69.42).
OPEN MARKET RATES: The rupee posted a gain of five paisa at 85.65 and 85.80 against dollar for buying and selling, dealers said. The rupee did not show any change versus euro for buying and selling at Rs 110.35 and Rs 110.85, they added.
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Open Buying Rs 85.65
Open Selling Rs 85.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Buying Rs 85.55
Selling Rs 85.59
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 12.10 12.40 12.25 12.40 12.29
1-Week 11.00 12.10 12.10 12.15 11.84
2-Week 11.10 12.05 12.00 12.10 11.81
1-Month 11.25 12.05 12.00 12.10 11.85
2-Months 11.45 12.05 12.00 12.10 11.90
3-Months 11.75 12.10 12.10 12.15 12.03
4-Months 11.75 12.10 12.10 12.20 12.04
5-Months 11.75 12.15 12.10 12.25 12.06
6-Months 11.95 12.15 12.10 12.25 12.11
9-Months 11.90 12.15 12.10 12.25 12.10
1-Year 12.00 12.20 12.10 12.30 12.15
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 12.10 12.40 12.30 12.40 12.30
1-Week 11.25 12.15 12.10 12.25 11.94
2-Week 11.50 12.20 12.10 12.25 12.01
1-Month 11.75 12.20 12.10 12.25 12.08
2-Months 12.00 12.15 12.15 12.25 12.14
3-Months 12.00 12.25 12.10 12.30 12.16
4-Months 12.00 12.25 12.15 12.30 12.18
5-Months 12.10 12.25 12.20 12.30 12.21
6-Months 12.10 12.30 12.20 12.35 12.24
9-Months 12.15 12.35 12.25 12.45 12.30
1-Year 12.15 12.40 12.25 12.50 12.33
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading activity in the local currency market on Tuesday.
According to the currency dealers, the dollar's demand and supply remained intact that helped rupee stable in the open market. The dollar was traded at its overnight closing of Rs 85.80 and Rs 86.00 as its buying and selling rates, respectively.
However, the rupee showed strength and appreciated its worth against the pound sterling. The pound was purchased and sold at Rs 129.50 and Rs 130.80 as compared to Monday's closing of Rs 130.00 and Rs 131.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 85.60 (buying) and 86.10 (selling) against the same last rate Rs 85.60 (buying) and 86.10 (selling). It did not observe further change in the evening session and closed at Rs 85.60 (buying) and Rs 86.10 (selling).
Pound Sterling opened at Rs 128.85(buying) and Rs 130.61 (selling) against the previous rate Rs 129.70 (buying) and Rs 131.46 (selling). It did not observe further change in the last trading hours and closed at Rs 128.85(buying) and Rs 130.61 (selling)
UAE Dirham opened at Rs 23.23 (buying) and Rs 23.37 (selling) in the morning session against the last rate Rs 23.22 (buying) and Rs 23.36 (selling). The value of Dirham against the rupee remained unchanged in evening session and closed at Rs 23.23 (buying) and Rs 23.37 (selling).
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