The rupee moved with slight gains against the dollar on the currency market on Tuesday, dealers said. The rupee recovered two paisa against the dollar for buying and selling at 98.16 and 98.19, experts said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee managed to hold the overnight levels against the dollar for buying and selling at 99.00 and 99.25, they said. The rupee jumped versus the euro for buying and selling at Rs 130.50 and Rs 130.75, they added.
In the second Asian trade, the euro skidded close to a seven-week low against the dollar while the yen kept some distance from multi-month lows as the spectre of political gridlock in Italy spurred traders to seek refuge in the US and Japanese currencies. Italy's centre left won the lower house as widely expected, but projections by Italian media indicate no party or coalition will be able to form a majority in the upper house or Senate.
The dollar was trading against the Indian rupee at Rs 53.87, at 3.1000 in terms of the Malaysian ringgit while at 6.230 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.85-78.88 (78.90-78.92). Call Money Rates: 07.00-08.50 percent (previous 06.00-09.00 percent).
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Open Bid Rs 99.00
Open Offer Rs 99.25
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs 97.16
Offer Rate Rs.97.19
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RUPEE IN LAHORE: The national currency drifted lower against the US dollar on the local currency market on Tuesday, dealers said.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs. 99.00 and Rs. 99.25 as its buying and selling rates, respectively. However, on account of fresh demand, dollar's rate was increased to Rs. 99.10 and Rs. 99.35 on buying and selling side, respectively, the dealers said.
However, the Pak rupee-pound parity remained unchanged amid sluggish trading trend in the city markets. The pound was traded at its Monday closing of Rs. 151.00 and Rs. 151.25 on buying and selling counters, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi on Tuesday.
The dollar opened against the rupee at Rs 99.80 and 99.90 for buying and selling and the greenback showed no change at close, in the meantime, the dollar hit the day's high at 100, they said.
The pound sterling opened at Rs 154 (buying) and Rs 155 (selling) against same overnight value. It did not observe further change in the last trading hours and closed at Rs 154 (buying) and Rs 155 (selling).
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