The rupee moved both ways against the dollar on Tuesday in the process of trading, dealer said. The rupee managed to gain five paisas against the dollar for buying and selling at Rs 104.80 and Rs 104.82 respectively, dealer said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee shed 10 paisas further in relation to the dollar for buying and selling at Rs 105.50 and Rs 105.70 respectively; however it picked up 30 paisas versus the euro for buying and selling at Rs 117.80 and Rs 118.80 respectively, they added.
In the second Asian trade, the yen held on to gains on Tuesday, shored up by investors' risk aversion and receding expectations that Japan will weaken the currency after a fresh warning by the United States last week against intervention.
Commodity-linked currencies such as the Australian and Canadian dollars were on the back foot, weighed down by a continuing decline in commodities such as crude oil. The euro treaded water at 122.635 yen after sliding 0.8 percent overnight. The dollar nudged up 0.1 percent to 109.385 yen, having fallen to as low as 109.120 on Monday when it shed nearly one percent.
The dollar was trading against the Indian rupee at Rs 67.69, the US currency was available at 4.1180 in terms of the Malaysian ringgit and the greenback was at 6.5535 versus 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.105.50
Open Offer Rs.105.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.104.80
Offer Rate Rs.104.82
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RUPEE IN LAHORE: The rupee appreciated on buying side while it remained unchanged on selling side against the US dollar on the local currency markets on Tuesday.
The dollar resumed trading at its overnight closing rate of Rs 105.90 and Rs 106.00 as its buying and selling rate, respectively. Because of selling pressure, the dollar could not sustain and lost its worth to Rs 105.60 on buying side while its selling rate stayed firmed at Rs 106.00, the local currency dealers said.
On the other hand, the local currency failed to maintained upward trend in relation to the British pound. Following rising demand, the pound's buying and selling rate improved from the Monday's closing rate of Rs 152.20 and Rs 153.60 to Rs 152.90 and Rs 153.90, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 10 paisas against the dollar at local currency establishments of Islamabad and Rawalpindi, here on Tuesday.
The dollar resumed trading at Rs 105.50 (buying) and Rs 106 (selling) against last rate of 105.60 (buying) and Rs 106.10 (selling). It did not observe further change in the last trading hours and closed at Rs 105.50 (buying) and Rs 106 (selling). Pound Sterling opened at Rs 151.60 (buying) and Rs 152 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 151.60 (buying) and Rs 152 (selling).
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