A slight fall was witnessed on the money market on Tuesday as the rupee fell modestly against the dollar in the process of trading, dealers said. The rupee was unmoved in relation to the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee dropped by 10 paisas versus the dollar for buying and selling at Rs 106.40 and Rs 106.60 respectively; however it lost 50 paisas in terms of the euro for buying and selling at Rs 114.50 and Rs 116.00 respectively, they said.
In the second Asian trade, the dollar was on the defensive in Asian trading, after Chicago Federal Reserve President Charles Evans reinforced the perception that the US central bank won't accelerate the pace of its interest rate hikes.
The dollar index, which tracks the greenback against a basket of six major rivals, edged down 0.1 percent to 100.30 after falling as low as 100.02 overnight, its lowest since Feb. 7.
The euro gained 0.1 percent on the day to $1.0754, though it remained shy of last week's high of $1.0782. France's coming two-round election on April 23 and May 7 remained in focus, with nearly 40 percent of voters saying they are undecided about which of five main contenders to back. The leading candidates clashed in a televised debate on Monday, with centrist Emmanuel Macron accusing far-right leader Marine Le Pen of lying and seeking to divide the French. Macron apparently solidified his status as frontrunner.
The dollar was trading against the Indian rupee at Rs 65.280, the greenback was at 4.427 in terms of the Malaysian ringgit and the US currency was at 6.899 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 79.59-79.60 (previous 79.58-79.60).
========================
Open Bid Rs.106.40
Open Offer Rs.106.60
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
========================
Bid Rate Rs.104.85
Offer Rate Rs.104.86
========================
RUPEE IN LAHORE: The Pak rupee stayed unchanged on buying side while it recovered marginally on selling side against the US dollar in the local currency market on Tuesday.
According to currency dealers, the US dollar commenced trading on its overnight closing of Rs 106.40 and Rs 106.75 as its buying and selling rates, respectively.
At the close, no change in its value took place as it sustained its last trading trend of Rs 106.40 on buying counter.
However, in the absence of selling spree, it slid to Rs 106.70 on selling counter respectively, they added.
Furthermore, the local currency failed to hold its strength as it registered reduction versus the pound sterling.
The pound's buying and selling rates rose from Monday's closing rates of Rs 130.80 and Rs 131.60 to Rs 131.20 and Rs 132.10 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained unchanged against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 106 (buying) and Rs 106.50 (selling). It closed at the same rates.
Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It also closed at the same rate.
Comments
Comments are closed for this article.