The rupee continued its decline against dollar in the interbank market, while, it did not show any change versus the greenback in the open dealings on Tuesday, dealers said. The rupee extended its slide in terms of dollar, losing 11 paisa for buying at 90.73 and shedding 10 paisa for selling at 90.74, they said.
INTERBANK MARKET: OPEN MARKET RATES: The rupee retained overnight levels against dollar for buying and selling at 91.10 and 91.30, they said. The rupee followed same patterns in terms of euro, showing no variation for buying and selling at Rs 118.80 and Rs 119.80, they said.
In the second Asian trade yen inched higher against dollar after the Bank of Japan refrained from more easing, although many thought it would stay under pressure on expectation Tokyo would loosen policy later in April.
The yen was also sold by Japanese importers, traders said, whose purchases of fossil fuels have jumped as all but one of Japan's nuclear reactors have gone off line in the wake of the Fukushima nuclear disaster in March 2011. The dollar was trading against the Indian rupee at Rs 51.29, versus the Malaysian ringgit, the greenback was at 3.0750 per unit and and the US currency was at 6.3122 in terms of the Chinese yuan. Interbank buy/sell rates for taka against dollar on Tuesday. 81.80-81.83 (previous 81.79-81.83). Call Money Rates: 07.50-14.00 percent (previous 07.50-14.75 percent.
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Open Buying Rs 90.73
Open Selling Rs 90.74
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Buying Rs 91.10
Selling Rs 91.30
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RUPEE IN LAHORE: The Pak rupee recovered its day earlier loss and improved by five-paisa against the US dollar in the local currency market on Tuesday. According to the currency dealers, dollar commenced trading at its overnight closing of Rs 91.15 and Rs 91.35 as its buying and selling rates, respectively. In the absence of buying support, the dollar could not sustain and declined to Rs 91.10 and Rs 91.30 on buying and selling side, respectively.
Similarly, the rupee showed strength and appreciated against pound sterling. The pound was purchased and sold at Rs 143.00 and Rs 143.90 as compared to Monday closing of Rs 143.50 and Rs 144.35, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday. The dollar resumed trading at Rs 91 (buying) and Rs Rs 91.20 (selling) against same previous rate. It did not undergo any change in the second session and closed at Rs 91 (buying) and Rs 91.20 (selling). Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same previous rate. It did not change in the second session and closed at Rs 142 (buying) and Rs 142.50 (selling).
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