All-round gains were witnessed on the money market on Tuesday as the rupee managed to look ahead versus the dollar and euro in the process of trading, dealers said. The rupee appreciated by three paisas versus the dollar for buying and selling at Rs 104.67 and Rs 104.69 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee also recovered five paisas against the dollar for buying and selling at Rs 105.35 and Rs 105.55 respectively, they said.
The rupee extended overnight gains versus the euro, picking up 35 paisas for buying and selling at Rs 118.75 and Rs 119.75 respectively, they added. In the second Asian trade, the dollar nursed losses against the yen and euro, but was firmer versus the Australian, Canadian and New Zealand currencies, which all succumbed to weakness in commodity prices.
The greenback has been on the defensive as views that the US central bank is in no hurry to tighten monetary policy have held sway ever since Federal Reserve Chair Janet Yellen last week expressed caution towards hiking interest rates. The dollar came under further pressure against the safe-haven yen as equities and crude oil prices fell.
The dollar was trading against the Indian rupee at Rs 66.13 the greenback was at 3.9170 versus the Malaysian ringgit and the US currency at 6.4698 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 78.40-78.40 (previous 78.40-78.40).
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Open Bid Rs.105.35
Open Offer Rs.105.55
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.104.67
Offer Rate Rs.104.69
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RUPEE IN LAHORE: The Pak rupee failed to maintain rising trend in relation to the greenback on the local currency market on Tuesday.
According to the currency dealers, the dollar commenced trading at its day earlier closing of Rs 105.30 and Rs 105.80 as its buying and selling rate, respectively. At close of trading, the dollar ended higher at Rs 105.40 on buying counter.
However, because of lacking buyers' interest, the dollar could not sustain and slipped to Rs 105.70 on selling counter, they said. The rupee showed strength and appreciated its worth against the British pound. The pound's buying and selling rates declined from the overnight closing of Rs 148.50 and Rs 149.70 to Rs 148.20 and Rs 149.00, respectively, the dealers added.
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 same last rate. 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).
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