The rupee recovered further ground against dollar and euro on the currency market on Tuesday, dealers said. The dollar is under pressure due to selling by exporters and other investors, experts said.
INTERBANK MARKET RATES: The rupee picked up more Rs 1.45 in relation to the dollar for buying at Rs 99.95 and it also rose by Rs 1.50 for selling at Rs 100.00, they said.
OPEN MARKET RATES: The rupee gained Rs 1.50 versus the dollar for buying at Rs 99.70 and it also rose by Rs 1.55 for selling at Rs 99.90, the said. The rupee followed the same trend in terms of the euro, rising Rs 1.85 for buying and selling at Rs 137.00 and Rs 137.25 respectively, they said.
In the second Asian trade, the yen remained trapped in narrow ranges in trade after the Bank of Japan stood pat and gave no indication that further easing steps were in the cards yet. The US currency was trading against the Indian rupee at Rs 60.85, the dollar was at 3.2800 in terms of the Malaysian ringgit and the greenback was at 6.1366 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 77.73-77.74 (77.73-77.73). Call Money Rates: 06.75-08.25 percent (previous 05.25-08.25 percent).
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Open Bid Rs 99.70
Open Offer Rs 99.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs 99.95
Offer Rate Rs 100.00
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RUPEE IN LAHORE: The national currency was further strengthened, as the Pak rupee appreciated its worth against the major currencies including greenback and pound sterling on the local currency market on Tuesday.
According to the currency dealers, the dollar was opened on a depressed note and remained under selling pressure. As a result, the dollar could not sustain and slide down to Rs 99.50 and Rs 99.75 as its buying and selling rates against Rs 100.70 and Rs 101.70 of Monday, respectively.
Similarly, the rupee maintained upward move for another day and was improved against the pound sterling. The pound's buying and selling rates were declined from overnight closing of Rs 168.50 and Rs 170.00 to Rs 166.00 and Rs 166.25, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed further recovery of rupee one against the dollar on the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 99 for buying and Rs 99.10 for selling against last rate of Rs 100 for buying and Rs 100.10 for selling. It did not observe further change in the second session and closed at Rs 99 for buying and Rs 99.10 for selling.
Pound Sterling opened at Rs 165 for buying and Rs 165.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.
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