KARACHI: On Tuesday, PKR fell against USD in both interbank and open markets while also going down slightly against Euro in open market for selling. According to reports, Euro was close to a three-month high on Tuesday while USD fell as expectations of more monetary stimulus from the United States and a strengthening recovery elsewhere pushed riskier currencies higher.
INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee lost 45 paisas for buying and selling against USD over yesterday's rates closing at 159.75 and 159.85 respectively.
OPEN MARKET RATES: In the open market, PKR lost 10 paisas for buying and 20 paisas for selling over yesterday's rates closing at 159.70 and 160.20 respectively.
Against Euro, PKR remained unchanged for buying while losing 20 paisas for selling closing at 189 and 190.50 respectively.
Against UAE Dirham, PKR remained unchanged for buying while gaining 5 paisas for selling closing at 43.30 and 43.55 respectively.
Against Saudi Riyal, PKR lost 5 paisas for buying and gained 5 paisas for selling closing at 42.10 and 42.35 respectively.
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Open Bid Rs 159.70
Open Offer Rs 160.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday
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Bid Rate Rs 159.75
Offer Rate Rs 159.85
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RUPEE IN LAHORE: The Pak rupee maintained upward journey for the second consecutive day against the greenback in the local currency market on Tuesday.
Amidst lack of buyers' interest in the market, the greenback remained under selling pressure for another day and ended further lower for buying and selling at Rs 159.00 and Rs 160.50 against the overnight closing trend of Rs 159.50 and Rs 160.80 respectively, local currency dealers said.
Furthermore, the rupee-pound sterling parity stayed unchanged following sluggish trading activity in the market. As a result, the British currency firmly closed at its opening trend for buying and selling at Rs 210.50 and Rs 212.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 160.25(buying) and Rs 160.35(selling) against same last rate.
It closed at Rs 160.25(buying) and Rs 160.35(selling).
The buying and selling rates of one tola of gold was Rs. 108,100 (selling) and Rs108,000(buying) at the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.
Copyright Business Recorder, 2020
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