The rupee was almost unchanged versus dollar on the currency market on Tuesday in process of trading, dealers said. The rupee inched down by one paisa versus dollar for buying and selling at 90.97 and 90.99, they said.
INTERBANK MARKET: OPEN MARKET RATES: The rupee did not move any side against dollar for buying and selling at 90.90 and 91.10, they said. In relation to the euro rupee gave up 26 paisa for buying and selling at Rs 121.61 and Rs 122.11, they said.
According to the Reuters, in the second Asian trade, yen pulled away from a 9-month low plumbed the day before on month-end buying by Tokyo exporters, although short-covering by hedge funds forced it to relinquish some early gains, traders said. A record trade deficit, shrinking current account surplus and surprise policy easing by the Bank of Japan have combined to trigger what is set to be - despite an apparent correction kicking in - yen's sharpest monthly drop in more than two years. The dollar versus the Indian rupee was trading at Rs 49.12, the greenback was available versus the Malaysian ringgit at 3.0090 and the Chinese yuan was at 6.3007 per unit.
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Open Buying Rs 90.90
Open Selling Rs 91.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Buying Rs.90.97
Selling Rs.90.99
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RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged on buying side while it gained five-paisa on selling side in relation to the greenback in the local currency market on Tuesday. According to the currency dealers, there was no visible change in the dollar's demand and supply situation that helped rupee stability. At the end of trading, the dollar's buying rate remained unchanged at Rs.90.90 while its selling rate was declined from the overnight closing of Rs.91.20 to Rs.91.15.
Similarly the rupee stayed unchanged on buying side while it gained 10-paisa on selling side against the pound sterling. The pound was purchased and sold at Rs.143.50 and Rs.143.90 as compared to Monday closing of Rs.143.50 and Rs.144.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar against the rupee remained unchanged at the local currency markets of Islamabad and Rawalpindi here on Tuesday. The dollar resumed trading at Rs.91 (buying) and Rs.91.20 (selling) against same overnight value. Ever-favorite greenback did not witness any further change in the last trading hours and closed at Rs.91 (buying) and Rs.91.20 (selling).
Pound Sterling resumed trading at Rs.142 (buying) and Rs.142.50 (selling) against same previous rate. British currency did not observe further change in the evening session and closed at Rs.142 (buying) and Rs.142.50 (selling).
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