The rupee fell sharply against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee rose by three paisas in relation to the dollar for buying and selling at Rs 104.80 and Rs 104.81, they said.
INTERBANK MARKET RATES: In the second Asian trade, the euro steadied, having bounced from a near 21-month low set the previous day after Italian Prime Minister Matteo Renzi's loss in a referendum over constitutional reform, an outcome that traders had widely expected. Renzi announced on Monday that he would resign after the resounding defeat in the referendum.
0Still, while Renzi's resignation could open the door to an early election next year and the possibility of the anti-euro 5-Star Movement gaining power, many investors and analysts think it more likely that a caretaker government will be put in place until an election in 2018.
The dollar was trading against the Indian rupee at Rs 68.09, the greenback was at 4.4420 versus the Malaysian ringgit and the US currency was at available at 6.8654 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday. 78.79-78.80 (previous 78.78-78.80).
OPEN MARKET RATES: The rupee dropped 50 paisas in term of the greenback for buying and selling at Rs 107.00 and Rs 107.20, dealers said.
In line with the global trend, the euro also lost it's firmness in the local market, dealers said. So, the rupee managed to pick up Rs 1.50 against the euro for buying and selling at Rs 114.75 and Rs 116.25, they said.
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Open Bid Rs.107.00
Open Offer Rs.107.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.104.80
Offer Rate Rs.104.81
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RUPEE IN LAHORE: The Pakistani rupee remained under pressure against the major currencies including the American dollar and British pound in the local currency market on Tuesday.
The trading activity of the US dollar resumed on a positive note amidst lack of buyers' interest throughout the trading session. At the close, the dollar ended higher at Rs 107.00 and Rs 107.50 on buying and selling sides, respectively, as compared to Monday's closing rates of Rs 106.40 and Rs 106.85, said local currency dealers.
Versus the pound sterling, the local currency also followed the same suit and remained under pressure for another day. The pound's buying and selling rates further improved from the day earlier closing rates of Rs 134.40 and Rs 135.20 to Rs 135.30 and Rs 136.30, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at currency exchange shops of Islamabad and Rawalpindi here on Tuesday.
The dollar resumed trading at Rs 107 (buying) and Rs 107.50 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 107 (buying) and Rs 107.50 (selling). Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last week's rate. It did not observe further change in the second session and closed at Rs 135 (buying) and Rs 135.10 (selling).
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