The rupee was firm against dollar and euro on the currency market on Tuesday, dealers said. The rupee inched up with a gain of two paisa against the US currency for buying at 85.72 and three paisa for selling at 85.75, they said.
INTERBANK MARKET RATES: In the second Asian trade euro bounced back from a two-week low on short-covering on, though simmering fears that some euro zone countries and banks could face more borrowing strain are likely to limit gains. Comments from a Chinese vice premier that China supports efforts by the EU to calm global markets in the wake of Europe's debt crisis were enough to trigger a short-covering rally in holiday-thin trade.
The euro rose 0.3 percent on the day to $1.3172, extending its rebound from Monday's trough of $1.3094, its lowest level since December. 2. Malaysian ringgit was available at 3.1345 in relation to the greenback and Chinese yuan was trading at 6.660 versus dollar. The Indian rupee rose as euro bounced back from 2-1/2 week lows, with gains in other Asian currencies as well as domestic shares supporting the local unit. Indian rupee was at Rs 45.25 versus the greenback.
OPEN MARKET RATES: The rupee was appreciated by five paisa against dollar for buying at 85.65. While it held the overnight level for selling at 85.85, they said. The rupee gained five paisa in relation to euro for buying and selling at Rs 112.20 and Rs 112.70, they said.
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Open Buying Rs 85.65
Open Selling Rs 85.85
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Buying Rs 85.72
Selling Rs 85.75
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RUPEE IN LAHORE: The Pak rupee remained strong and appreciated its value by 10-paisa on buying side while it remained unchanged on selling side in relation to the greenback in the open currency market on Tuesday.
According to the currency dealers, the dollar resumed trading at its overnight closing level of Rs 85.65 and Rs 85.80 as its buying and selling rates, respectively. However, dollar could not sustain and declined to Rs 85.55 on buying counter while it stayed unchanged at Rs 85.80 on selling counter.
Similarly, the rupee recovered its earlier loss and improved its worth against the pound sterling. The pound's buying and selling rates were decreased to Rs 133.20 and Rs 134.10 as compared to last day closing of Rs 134.00 and Rs 135.00, respectively, the moneychangers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar resumed trading at Rs 85.50 (buying) and Rs 85.80 (selling) against the rate of Rs 86.20 (buying) and Rs 86.30 (selling). It did not observe further change in the evening session and closed at Rs 85.50 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 136.20 (buying) and Rs 136.60 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.20 (buying) and Rs 136.60 (selling).
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