The rupee held the present levels against the dollar on the money market on Tuesday in the process of trading, dealer said. The rupee moved slightly in terms of the dollar for buying and selling at Rs 104.65 and Rs 104.67 respectively, dealer said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee managed to hold the overnight levels versus the dollar for buying and selling at Rs 104.90 and Rs 105.10 respectively, they said. The rupee stayed put in relation to the euro for buying and selling at Rs 118.30 and Rs 119.30 respectively, they added. In the second Asian trade, the dollar edged up but still wallowed close to four-week lows against a basket of currencies after Federal Reserve Chair Janet Yellen's remarks failed to toss a lifebuoy to the recently foundering greenback.
The dollar index, which tracks the US currency against a basket of six major rivals, nudged up 0.1 percent to 94.017, but it remained within sight of its overnight low of 93.745, its weakest level since May 11. While Yellen remained relatively optimistic about the overall US economic outlook and said the Fed would hike interest rate hikes, she gave no fresh hints about timing, and called last month's US jobs data "disappointing."
The dollar was trading against the Indian rupee at 66.89, the greenback was at 4.0740 in terms of the Malaysian ringgit and the US currency was available at 6.5717 in terms of 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.104.90
Open Offer Rs.105.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.104.65
Offer Rate Rs.104.67
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RUPEE IN LAHORE: The Pak rupee failed to maintain rising trend as it depreciated its worth on buying side while it appreciated on selling side in relation to the greenback on the local currency markets on Tuesday.
The dollar resumed trading at its overnight closing of Rs 104.70 and Rs 105.50 as its buying and selling rates, respectively. The dollar could not sustain and lost its worth to Rs 105.00 on buying counter. However, following buyers' interest, its selling rate improved to Rs 105.25, the currency dealers said.
On the other hand, the local currency stayed weak and declined against the pound sterling that was bought and sold at Rs 151.75 and Rs 152.50 on buying and selling counter as compared with the Monday's closing rate of Rs 149.20 and Rs 150.50, respectively, the dealers 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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