The rupee maintained rising trend against the dollar on the money market on Tuesday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee extended overnight gains, picking up six paisas in terms of the dollar for buying and selling at Rs 155.76 and Rs 155.78 respectively, dealers said.
OPEN MARKET RATES: The rupee followed suit in relation to the dollar, gaining 10 paisas for buying and selling at Rs 155.70 and Rs 156.00 respectively, they added. The rupee recovered 30 paisas versus the euro for buying and selling at Rs 172.20 and Rs 174.20 respectively, they added.
In the second Asian trade, hopes for an easing in Sino-US tensions buoyed trade-exposed Asian currencies on Tuesday, while growing expectations the US Federal Reserve could take a wait-and-see approach to further easing underpinned the dollar.
Most moves were modest, though, as caution tempered the mood. The Australian and New Zealand dollars each rose nearly 0.3%. The safe-haven currencies of the Japanese yen and Swiss franc each eased very slightly.
US President Donald Trump had said a trade agreement looked to be ahead of schedule on Monday, without detailing the timing. The United States also said it was studying whether to extend tariff suspensions due to expire in December.
The dollar was trading against the Indian rupee at Rs 70.880, the greenback was at 4.183 in terms of the Malaysian ringgit and the US currency was available at 7.064 versus the Chinese yuan.
======================== Open Bid Rs.155.70 Open Offer Rs.156.00 ========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
======================== Bid Rate Rs.155.76 Offer Rate Rs.155.78 ========================
RUPEE IN LAHORE: The Pak rupee continued upward trend for the second consecutive day in process of trading against the greenback in the local currency market on Tuesday.
Amid lack of buyers' interest in the market, the greenback remained under pressure for another day and further ended lower for buying and selling at Rs 155.60 and Rs 155.95 against the overnight closing rate of Rs 155.85 and Rs 156.25 respectively, local currency dealers said.
On the other hand, the local currency failed to hold its earlier recoveries in relation to the pound sterling. The pound's buying and selling rates rose from the Monday's closing of Rs 199.00 and Rs 199.75 to Rs 199.25 and Rs 199.85 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 5 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 156.25(buying) and Rs 156.30(selling) against last rate of Rs 156.20(buying) and Rs 156.25(selling).
It closed at Rs 156.25(buying) and Rs 156.30(selling).
The buying and selling rates of one tola of gold were Rs. 87,500 (selling) and Rs 87,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.