The rupee managed to hold overnight levels against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee traded in a narrow range versus the dollar for buying and selling at Rs 104.81 and Rs 104.82 respectively.
INTER-BANK MARKET RATES: In the second Asian trade, the yen held large gains against a number of peers as investors sought refuge in the safe-haven Japanese currency amid a latest rise in European political concerns.
The dollar traded at 111.930 yen after slipping to 111.590, its lowest since Nov 28. The euro fetched 119.910 yen following a dip earlier to a two-month low of 119.750. The Australian and New Zealand dollars and the pound also gave ground to the buoyant yen. The Japanese currency had rallied versus the dollar the previous day on an increase in risk aversion, dragged down as US Treasury yields fell in tandem with Wall Street shares and crude oil prices.
The euro extended overnight losses and was down 0.3 percent at $1.0725, in reach of a one-week low of $1.0713 set the previous day. The latest decline pulled the euro further away from an eight-week high of $1.0829 scaled on Thursday against a broadly weaker dollar. The dollar was trading against the Indian rupee at Rs 67.35, the greenback was available at 4.4345 in terms of the Malaysian ringgit and the US currency was at 6.8753 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 79.18-79.20 (previous 79.14-79.15).
OPEN MARKET RATES: The rupee was inert against the dollar for buying and selling at Rs 107.60 and Rs 107.80 respectively, they said. The rupee gained sharply in terms of the euro, picking up rupee one for buying and selling at Rs 114.75 and Rs 116.25 respectively, they said.
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Open Bid Rs.107.60
Open Offer Rs.107.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.104.81
Offer Rate Rs.104.82
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RUPEE IN LAHORE: The Pak rupee showed mixed patterns as it moved both ways against the US dollar in the local currency market here on Tuesday.
According to currency dealers, the US dollar commenced trading on its overnight closing rates of Rs 107.50 and Rs 107.90 as its buying and selling rates, respectively.
At the close, it gain slightly and ended higher at Rs 107.55 on buying counter. However, in the absence of the selling spree, it slid to Rs 107.80 on selling counter, respectively, they added. Furthermore, the local currency registered appreciation versus the pound sterling. The pound's buying and selling rates went down from the Monday's closing rates of Rs 133.50 and Rs 134.90 to Rs 132.70 and Rs 134.00, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 108.10 (buying) and Rs 108.20 (selling) against last rate of Rs 108.30 (buying) and Rs 108.40 (selling). Dollar closed at Rs 108.10 (buying) and Rs 108.20 (selling). Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at Rs 130 (buying) and Rs 131.50 (selling).
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