Bears dominated the money market on Tuesday as the rupee extended fall in relation to dollar due to persisting demand by importers to meet the oil and other payments, dealers said.
INTER-BANK MARKET: The rupee lost 40 paisa versus dollar for buying and selling at 89.80 and 89.84, they said.
OPEN MARKET RATES: The rupee also fell in terms of greenback, losing 20 paisa for buying and selling at 89.70 and 89.90, they added.
Versus euro the rupee dropped slightly by five paisa for buying and selling at Rs 116.93 and Rs 117.43, they said.
Reuters adds: In the second Asian trade, the dollar remained caged in recent ranges against major rivals in thin trade, with the euro holding above an 11-month low in the final trading days of 2011. The greenback often trades in volatile way against the yen during the last three business days of the year, strategists say, but some believe this year might be an exception.
The yuan closed slightly lower on Tuesday as strong dollar demand from corporates and less-than-usual year-end dollar sales offset a record high mid-point fixed by the People's Bank of China, traders said.
Inter bank buy/sell rates for taka against dollar on Tuesday: 81.65-81.70 (previous 81.50-81.60) Call Money Rates: 20.00 percent (previous 14.00-22.00 percent).
The dollar versus the Indian rupee was available at Rs 52.71 and it was trading against the Malaysian ringgit at 3.1550 per unit.
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Open Buying Rs 89.70
Open Selling Rs 89.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday
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Buying Rs 89.80
Selling Rs 89.84
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RUPEE IN LAHORE: The rupee lost 20 paisa against dollar on Lahore currency market on Tuesday.
According to dealers, the dollar resumed trading at Rs 89.70 and Rs 90.00 as its buying and selling rates, respectively and closed higher at Rs 89.80 and Rs 90.10 on buying and selling counters.
The rupee also remained weak against pound. The pound was purchased and sold at Rs 140.50 and Rs 141.00 as compared to Monday's Rs 139.50 and Rs 140.50, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 89.00 (buying) and Rs 89.20 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 89.00 (buying) and Rs 89.20 (selling).
Pound Sterling opened at Rs 138.00 (buying) and Rs 138.90 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 138.00 (buying) and Rs 138.90 (selling).
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