THE RUPEE: all-round gains

The rupee managed to recover modestly against the dollar and euro on the currency market on Tuesday, dealers said on Monday. The rupee picked up 17-paisa in relation to the dollar for buying at Rs 102.78 and it also gained 16-paisa for selling at Rs 102.82, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also picked up 35-paisa against the dollar for buying and selling at Rs 102.40 and Rs 102.60 respectively, they said. The rupee followed same trend versus the euro, rising by 25-paisa for buying and selling at Rs 132.50 and Rs 132.75, they said.
In the second Asian trade, the dollar eased on Tuesday with investors reluctant to do much as they waited for fresh guidance on interest rates from the Federal Reserve, while the Australian dollar held above a six-month trough. The dollar index slipped 0.1 percent to 84.193, largely consolidating in a slim 84.035-84.519 range since its rally to a 14-month peak on Sept. 9 ran out of steam.
The dollar was available at Rs 61.02 in terms of the Indian rupee, the greenback was at 3.2250 versus the Malaysian ringgit and the US currency was at 6.1483 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.50-07.00 percent (Previous 05.50-07.00 percent).

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Open Bid       Rs.102.40

Open Offer     Rs.102.60

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.

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Bid Rate       Rs.102.78

Offer Rate     Rs.102.82

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RUPEE IN LAHORE: The Pak rupee-dollar parity stayed unchanged amid sluggish trading trend on the local currency market on Tuesday.
According to the currency dealers, the dollar commenced trading at its day earlier closing of Rs 102.65 and Rs 102.90 as its buying and selling rates, respectively. The dollar did not observe any change in its rates, as opening rates continued to prevail throughout the day, the dealers said.
Similarly, the rupee remained unchanged against the British pound. The pound was purchased and sold at its overnight closing of Rs 166.50 and Rs 166.75, respectively, they 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 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against.
Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).
Copyright Business Recorder, 2014