KARACHI: On Tuesday, Pakistan Rupee lost value in both interbank and open markets against USD as well as against other major currencies in open market.
INTER-BANK MARKET RATES: RATES: In the interbank market, Pakistan Rupee lost one rupee for both buying and selling against USD over Monday's rates closing at 167.50 and 167.70 respectively.
OPEN MARKET RATES: In the open market, PKR lost 90 paisas for buying and one rupee for selling against USD over Monday's rates closing at 167.40 and 168 respectively.
Against Euro, PKR lost one rupee for buying and 1.50 rupees for selling over yesterday's rates closing at 185.50 and 187.50 respectively.
Against UAE Dirham, PKR lost 30 paisas for buying and 10 paisas for selling closing at 45.20 and 45.40 respectively.
Against Saudi Riyal, PKR lost 20 paisas for both buying and selling closing at 44.10 and 44.30 respectively.
======================== Open Bid Rs 167.40 Open Offer Rs 168.00 ========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
======================== Bid Rate Rs 167.50 Offer Rate Rs 167.70 ========================
RUPEE IN LAHORE: The Pak rupee drastically declined its worth versus major currencies including the greenback and the British pound in the local currency market on Tuesday.
According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 167.20 and Rs 168.40 against the overnight closing trend of Rs 166.50 and Rs 167.70 respectively.
Similarly, the rupee also followed suit in the process of trading against the pound sterling. Consequently, the pound's buying and selling rates significantly rose from the Monday's closing of Rs 205.00 and Rs 206.70 to Rs 206.50 and Rs 208.10 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 50 paisas against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 167.50 (buying) and Rs 167.60 (selling) against last rate of Rs 167 (buying) and Rs 167.10 (selling).
It closed at Rs 167.50 (buying) and Rs 167.60 (selling).
The buying and selling rates of one tola of gold remained Rs 108,900 (selling) and Rs 108,500 (selling) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.