The rupee managed to recover slightly against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee gave up weakness in relation to the dollar, gaining eight-paisa for buying Rs 100.97 and 10-paisa for selling at Rs 101.00, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also appreciated by 10-paisa against the dollar for buying and selling at Rs 101.50 and Rs 101.70 respectively, however, it shed 25-paisa versus the euro for buying and selling at Rs 114.10 and Rs 114.35 respectively, they said.
In the second Asian trade, euro steadied versus the dollar, after having bounced off an 11-year trough the previous day as investors decided to take profits on extremely bearish positions. The common currency last traded near $1.1238, having pulled up from Monday's low of $1.1098-a level not seen since September 2003. Investors sold the euro first thing this week after the Greeks voted in a new hardline, anti-bailout government led by Alexis Tsipras.
The dollar was trading against the Indian rupee at Rs 61.43, the greenback was at 3.6095 in terms the Malaysian ringgit and the US currency was available at 6.2518 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-09.25 percent (Previous 07.00-09.25 percent).
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Open Bid Rs.101.50
Open Offer Rs.101.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.100.97
Offer Rate Rs.101.00
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RUPEE IN LAHORE: The national currency remained strong and was appreciated by 10-paisa in relation to the greenback 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. At close, the dollar was ended lower at Rs 101.50 and Rs 101.75 on buying and selling side against Rs 101.60 and Rs 101.85 of Monday, respectively.
On the contrary, the rupee maintained downward slide for second day and was declined against the pound sterling. The pound was purchased and sold at Rs 153.00 and Rs 153.25 compared with overnight closing of Rs 152.25 and Rs 152.50, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar on the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 100.75 (buying) and Rs 101 (selling) against last rate of Rs 101 (buying) and Rs 101.25 (selling). It did not observe further change in the second session and closed at Rs 100.75 (buying) and Rs 101 (selling).
Pound Sterling opened at Rs 152 (buying) and Rs 153 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 152 (buying) and Rs 153 (selling).
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