The rupee firmed against the dollar on the local money market on Tuesday in the process of trading, dealers said. The rupee was down by three paisas in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
INTERBANK MARKET RATES: In the second Asian session, sterling steadied somewhat after weekend comments from British Prime Minister Theresa May sent it skidding to 2-1/2-month lows, while the dollar wallowed well below recent highs as the perceived safe-haven yen gained.
The pound edged up 0.1 percent to $1.2162, after sinking as low as $1.2125 on Monday, its weakest since October 28, following May's statement that she was not interested in keeping "bits of membership" of the European Union. Her comments heightened fears about the impact of the UK's exit from the European Union, as she said border controls would be prioritised over market access.
The dollar was trading against the Indian rupee at Rs 68.03, the greenback was at 4.4720 in terms of the Malaysian ringgit and the US currency was at 6.9255 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 78.70-78.76 (previous 78.70-78.70).
OPEN MARKET RATES: The rupee held the overnight levels versus the dollar for buying and selling at Rs 108.30 and Rs 108.50 respectively, while it lost 40 paisas in terms of the euro for buying and selling at Rs 114.00 and Rs 115.50 respectively, they said.
========================
Open Bid Rs.108.30
Open Offer Rs.108.50
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
========================
Bid Rate Rs.104.84
Offer Rate Rs.104.85
========================
RUPEE IN LAHORE: The Pakistani rupee stayed unchanged on buying side while it recovered by 10-paisa on selling side against the greenback in the local currency market here on Tuesday.
According to currency dealers, the greenback commenced trading on its overnight closing of Rs 108.35 and Rs 108.70 as its buying and selling rates, respectively. No change in the value of greenback took place as it sustained its overnight trend of Rs 108.35 on the buying counter. But in the absence of the selling spree, it lost its worth to Rs 108.60, on the selling counter, respectively, they added.
Moreover, the local currency remained strong and registered appreciation versus the pound sterling. The pound's buying and selling rates further slid from its Monday's closing rates of Rs 131.00 and Rs 132.00 to Rs 130.30 and Rs 131.50, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar appreciated against the local currency at open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened with 50 paisas gain at Rs 108.50 (buying) and Rs 108.60 (selling) against last rate of Rs 108 (buying) and Rs 108.50 (selling). In the evening, the dollar closed at the same levels.
Pound Sterling opened at Rs 131.50 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 131.50 (buying) and Rs 133 (selling).
Comments
Comments are closed for this article.