Steadier trend persisted on the currency market on Tuesday as the rupee retained its levels in the process of trading on the first day of the new year, dealers said. The rupee managed to hold its level versus the dollar for buying and selling at 97.60 and 97.80, respectively, they said. The rupee lost 30 paisa versus the euro for buying at Rs 128.30 and Rs 129.30, they added.
OPEN MARKET RATES: In the second Asian trade, the Indian rupee started 2013 on a positive note tracking gains in local shares after US lawmakers agreed on a deal which would help avert the "fiscal cliff" but weak domestic data limited a sharper rise.
The Senate moved the US economy back from the edge of a "fiscal cliff", voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives. Interbank buy/sell rates for the taka against the dollar on Tuesday. 79.75-79.75 (79.75-79.85). Call Money Rates: 11.00-11.00 percent (previous 7.25-12.00 percent).
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Open Buying Rs 97.60
Open Selling Rs.97.80
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RUPEE IN LAHORE: The Pak rupee showed stability on buying side and stayed unchanged at Rs 97.50 while it gained five-paisa on selling side at Rs 97.85 on the local currency market on Tuesday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 97.50 and Rs 97.90 as its buying and selling rates, respectively.
The dollar witnessed no change in its value during the day's trading. However, at the end of trading, the dollar was closed at Rs 97.50 and Rs 97.85 on buying and selling counters respectively, the dealers said.
However, the national currency was declined on buying side while it remained unchanged on selling side against the British pound. The pound was purchased and sold at Rs 157 and Rs 157.5 compared with overnight closing of Rs 156.5 and Rs 157.5 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 resumed trading at Rs 98.50 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 98.50 (buying) and Rs 98.60 (selling).
Pound sterling opened at Rs 158.50 (buying) and Rs 158.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 158.50 (buying) and Rs 158.60 (selling).
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