The rupee extended overnight decline against the dollar on the money market on Tuesday in the process of trading activity, dealers said. The rupee did not move any side in relation to the dollar for buying and selling Rs 115.61 and Rs 115.62 respectively, they said.
INTER-BANK MARKET RATES: In the second Asian trade, the dollar traded below a five-month high against a basket of currencies on Tuesday, catching its breath after a broad rally inspired by rising US bond yields and relief at an easing of US-China trade tensions.
The dollar's index against a basket of six major currencies last traded at 93.564, down from a five-month high of 94.058 set on Monday. The greenback's surge to that Monday peak had marked a gain of 5.4 percent in about a month, compared to a mid-April trough of 89.229, which was its lowest since late March.
A pull-back in US 10-year Treasury yields from seven-year highs set last week has probably prompted traders to book some profits on their bullish dollar bets, said Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore.
The dollar was trading against the Indian rupee at Rs 68.010, the greenback was at 3.975 in terms of the Malaysian ringgit and the US currency was available at 6.376 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 83.70-83.70 (Previous 83.70-83.70).
OPEN MARKET RATES: The rupee shed 10 paisas in terms of the dollar for buying and selling at Rs 117.30 and Rs 117.80 respectively, they said. The national currency also lost 80 paisas versus the euro for buying and selling at Rs 138.50 and Rs 140.00 respectively, they said.
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Open Bid Rs.117.30
Open Offer Rs.117.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.115.61
Offer Rate Rs.115.62
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RUPEE IN LAHORE: The Pak rupee registered reduction versus the major foreign currencies including the American dollar and the British pound in the local currency market on Tuesday.
According to currency dealers, the short supply phenomenon of the US dollar prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 117.70 and Rs 118.10 as compared to the overnight closing trend of Rs 117.30 and Rs 117.90 respectively.
Likewise, the national currency also followed the same suit in terms of trading against the pound sterling. Consequently, the pound's buying and selling rates rose from Monday's closing of Rs 157.20 and Rs 158.00 to Rs 157.55 and Rs 158.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 117.50 (buying) and Rs 118 (selling) against same last rate. It closed at Rs 117.50 (buying) and Rs 118 (selling).
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