The rupee drifted lower against the dollar on the money market on Tuesday, dealers said. The rupee was down by 11-paisa versus the dollar for buying at Rs 100.94 and it also shed 13-paisa for selling at Rs 100.98, they said.
The rupee, however, gained 25-paisa in terms of the euro for buying and selling at Rs 119.75 and Rs 120.00, respectively, they said. In the second Asian trade, the dollar slipped against the safe-haven yen on Tuesday as investor risk aversion mounted on the back of a sharp drop in equities. The battered euro caught some relief as the dollar stumbled against the yen, helping the common currency pull back a bit from a nine-year trough. The dollar was trading against the Indian rupee at Rs 63.36, the greenback was at 3.5520 in terms of the Malaysian ringgit and the US currency was available at 6.2140 versus the Chinese Yuan.
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Open Bid Rs 100.80
Open Offer Rs.101.00
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Bid Rate Rs.100.94
Offer Rate Rs.100.98
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According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 100.75 and Rs 101.00 on buying and selling rates, respectively. The dollar did not observe any change in its value and was closed at the opening level, the dealers said.
Similarly, the Pak rupee remained unchanged against the pound sterling amid low trading activity. The pound was traded at Monday closing of Rs 156.00 and Rs 156.25 on buying and selling counter, respectively, they added.
The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).