The rupee did not move any side against the dollar on the open market on Tuesday in the process of trading activity, dealers said. On the second Asian trade, there is no Asia emerging markets currencies report on Tuesday, Jan 1, as most Asian currency markets remained closed for a New Year holiday.
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Open Bid Rs.138.50
Open Offer Rs.139.00
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According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 138.40 and Rs 139.50 against the overnight closing trend of Rs 138.00 and Rs 139.20 respectively.
Moreover, the rupee-pound sterling parity stayed unchanged amidst sluggish trend in the currency market. Consequently, the pound did not observe any change in its demand and supply situation and firmly sustained its opening rate for buying and selling at Rs 174.50 and Rs 176.00 respectively, they added.
The dollar opened at Rs 138.55 (buying) and Rs 138.65(selling) against last rate of Rs 139.50(buying) and Rs 139.60(selling). It closed at Rs 138.55 (buying) and Rs 138.65(selling).
The buying and selling rates of one tola of gold was Rs 67,200(selling) and Rs 67,000(buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.