Firmness persisted on the money market on Tuesday as rates held the overnight levels in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 106.70 and Rs 106.90 respectively, however it picked up one rupee in terms of the euro for buying and selling at Rs 124.50 and Rs 126.00 respectively, they said.
OPEN MARKET RATES: INTER-BANK MARKET RATES: The rupee shed one paisa versus the dollar for buying and selling at Rs 105.40 and Rs 105.41 respectively, they said.
In the second Asian trade, the dollar rose against the yen, pulling away from a recent four-month low, as concerns over tensions between the United States and North Korea eased for now, supporting risk appetite.
Both the yen and the Swiss franc sagged after North Korea said it had delayed a decision on a plan to fire missiles at the US Pacific territory of Guam.
That news helped ease investor worries about the risk of a conflict between the United States and North Korea, improving sentiment toward riskier assets.
The dollar rose 0.6 percent to 110.26 yen, pulling away from a low of 108.72 yen set on Friday, its lowest level since April 19.
The dollar was trading against the Malaysian ringgit at 4.292 and the greenback was at 6.673 in terms of the Chinese yuan.
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Open Bid Rs 106.70
Open Offer Rs 106.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs 105.40
Offer Rate Rs 105.41
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RUPEE IN LAHORE: The Pakistani rupee appreciated versus the foreign currencies including the US dollar and British pound in the local currency market on Tuesday.
According to currency dealers, the US dollar commenced trading on a negative note following lack of buyers' interest in the currency market.
Consequently, it slid to Rs 106.40 and Rs 106.65 on buying and selling side, respectively, as compared to the last closing trend of Rs 106.60 and Rs 106.85 respectively, they added.
Likewise, the local currency also followed the same suit against the pound sterling. The pound's buying and selling rates depreciated from Saturday's closing rates of Rs 137.60 and Rs 138.50 to Rs 135.80 and Rs 137.80 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against same last rate.
It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.
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