The rupee moved both ways against the dollar on Tuesday in process of trading, dealers said. The rupee slipped by four paisas in relation to the dollar for buying and selling at Rs 104.81 and Rs 104.83 respectively, dealer said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee picked up five paisas versus the dollar for buying and selling at Rs 105.05 and Rs 105.25 respectively, however it lost 25 paisas in relation to the euro for buying and selling at Rs 118.00 and Rs 119.00, they added.
In the second Asian trade, the yen found a steadier footing early on Tuesday, having crept up from multi-week troughs against the dollar and euro as investors adjusted positions ahead of the Bank of Japan policy review. Speculation of further easing sent the yen reeling late last week, but uncertainty over whether the BOJ will actually deliver fresh stimulus at its April 27-28 meeting saw the Japanese currency recover some ground on Monday.
The dollar stood at 111.18 yen, having recoiled from a three-week high of 111.90. The euro fetched 125.38 yen, off a three-week peak of 125.525. The dollar was trading against the Indian rupee at Rs 66.77, the greenback was at 3.9350 versus the Malaysian ringgit and the US currency was at 6.4945 against the Chinese yuan. Interbank 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.105.05
Open Offer Rs.105.25
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.104.81
Offer Rate Rs.104.83
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RUPEE IN LAHORE: The Pak rupee depreciated its worth on buying side while it stayed firm on selling side in relation to the US dollar on the local currency markets on Tuesday.
The dollar resumed trading at its overnight closing of Rs 105.20 and Rs 105.50 as its buying and selling rates, respectively. The short supply phenomenon helped the dollar to move up and ended higher at Rs 105.25 on buying counter while its selling rate witnessed no change at Rs 105.50 on selling counter, the local currency dealers said.
On the other hand, the local currency remained under pressure and witnessed considerable loss during the day's trading versus the British pound. The pound's buying and selling rates were improved from overnight closing of Rs 150.60 and Rs 151.50 to Rs 151.85 and Rs 152.90, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee at 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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