All-round slide was witnessed on the local money market on Tuesday in the process of trading, dealers said. The rupee extended its fall versus the dollar, losing five paisa for buying and selling at Rs 98.38 and Rs 98.40, dealers said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee lost 20 paisa in relation to the dollar for buying at Rs 99.20 and the local currency also fell by 15 paisa for selling at Rs 99.40. The rupee followed the same pattern versus the euro, shedding five paisa for buying and selling at Rs 129.25 and Rs 129.50.
In the second session of Asian trade, the dollar recovered from two-week lows against the yen on Tuesday on the back of bargain-hunting but traders remained wary of a further rout in gold prices that could spur demand for the safe haven Japanese currency.
Commodity currencies such as the Australian dollar also found support after a tumble the previous day as gold recouped some losses after posting the biggest fall in about 30 years. The dollar was trading against the Indian rupee at Rs 54.37, the US currency was available at 3.0400 versus the Malaysian ringgit and the greenback was at 6.1831 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 78.01-78.0250 (78.02-78.0250). Call Money Rates: 07.00-07.50 percent (previous 05.75-08.00 percent).
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Open Bid Rs.99.20
Open Offer Rs.99.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.98.38
Offer Rate Rs.98.40
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RUPEE IN LAHORE: The Pak rupee depreciated its worth against the US dollar in the local currency markets on Tuesday.
According to the currency dealers, the dollar resumed trading on a positive note at Rs 99.10 and Rs 99.30 as its buying and selling rates, respectively. In the wake of increasing demand, the dollar was closed at Rs 99.40 and Rs 99.80 as its buying and selling rates against Rs 99.00 and Rs 99.25 of Monday.
The national currency remained unchanged on buying side while it was improved on selling side against the pound sterling. The pound was purchased and sold at Rs 150.80 and Rs 151.50 compared with previous closing of Rs 150.80 and Rs 151.50, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 99.20 (buying) and Rs 99.30 for selling against same last rate. It closed on same period of Rs 99.20 for buying and Rs 99.30 for selling by the end of evening session.
Pound Sterling opened at Rs 154 for buying and Rs 155 for selling against same last rate. It closed at the same rate without further change in the evening session.
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