The rupee continued its fall against the dollar for the second day in the interbank market on Tuesday owing to improvement in the buying of the US currency while the national currency was inert in terms of the greenback on the open market, dealers said.
INTERBANK MARKET RATES: The rupee extended its overnight slide versus the dollar, losing eight paisa for buying and selling at 95.47 and 95.50, they said.
OPEN MARKET RATES: The rupee held the overnight levels versus the dollar for buying and selling at 95.20 and 95.40, they said. While, the rupee picked up 30 paisa against the euro for buying and selling at Rs 123.00 and Rs 124.00, they added.
In the second Asian trade, the yen hit a three-month low against the dollar and a five-month trough versus the euro, pressured by expectations that the Bank of Japan will further loosen monetary conditions to help the export-reliant economy face a global slowdown.
Earlier, the dollar rose to as high as 80.02 yen on trading platform EBS, its highest level since early July. The greenback later trimmed its gains and last stood at 79.95 yen, steady from late US trade on Monday.
The dollar was trading against the Indian rupee at Rs 53.58.The greenback was available at 3.0500 in terms of the Malaysian ringgit and the US currency at 6.2479 in terms of yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 81.20-81.22 (previous 81.20-81.22). Call Money Rates: 10.00-10.00 percent (previous 06.25-10.50 percent).
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Open Buying Rs 95.20
Open Selling Rs.95.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.95.47
Offer Rate Rs.95.50
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RUPEE IN LAHORE: Tight supply of dollars caused a modest rise in the value of greenback on the on the local currency market on Tuesday, dealers said. The rupee lost five paisa against the dollar on buying side at Rs 95.20 but the national currency stayed unchanged on selling side at 95.50, they said.
The rupee remained under pressure and was depreciated against the pound sterling. The pound was slide up to close at Rs 150.85 and Rs 151.60 on buying and selling sides as compared to last day value of Rs 150.85 and Rs 151.80, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi on Tuesday. The dollar opened at Rs 95 (buying) and Rs 95.60 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 95 (buying) and Rs 95.60 (selling).
Pound Sterling opened at Rs 151.90 (buying) and Rs 153 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 151.90 (buying) and Rs 153 (selling).The buying and selling rates of Euro remained Rs 122.40 and Rs 123.60respectively in both morning and evening sessions.
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