Firmness prevailed on the money market on Tuesday as the rupee held almost presents levels versus the rupee in the process of trading, dealers said. The rupee inched up by one-paisa against the dollar for buying and selling at Rs 105.44 and 105.46 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: Smooth supply of dollar did not allow rupee to move any side in terms of the dollar for buying and selling at Rs 105.90 and Rs 106.20 respectively, they said. The rupee continued upward journey versus the euro for buying and selling at Rs 113.50 and Rs 114.50, they added.
In the second Asian trade, the dollar rose to seven-month highs in Asian trading, as investors turned their focus from the Paris attacks to growing expectations that the US Federal Reserve is poised to hike interest rates next month.
dollar index, which tracks the US currency against six major rivals, added 0.2 percent to 99.534, after setting a fresh seven-month high of 99.584, breaking above highs marked last week on surprisingly robust US jobs data.
The euro slipped 0.2 percent to $1.0663, after earlier brushing a nearly 7-month low of $1.0659. The dollar was trading against the Indian rupee at Rs 65.93, the greenback was at 4.3780 in terms of the Malaysian ringgit and the US dollar was available at 6.3744 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 78.67-78.70 (previous 78.55-78.62).
========================
Open Bid Rs 105.90
Open Offer Rs.106.20
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
========================
Bid Rate Rs.105.44
Offer Rate Rs.105.46
========================
RUPEE IN LAHORE: The rupee was weakened against the dollar on Tuesday.
The dollar started brightly and kept moving up following fresh buying and at the close of trading ended higher at Rs 106.35 and Rs 106.65 as its buying and selling rate against the overnight closing of Rs 105.90 and Rs 106.40.
The rupee did stage a recovery though against the British pound that was traded at Rs 160.50 and Rs 161.00 on the buying and selling side as compared with the Monday closing of Rs 161.30 and Rs 161.65.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee on the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against overnight value of Rs 105 (buying) and Rs 105.20 (selling). It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
Comments
Comments are closed.