THE RUPEE: firm trend

Keeping its strength firm, the rupee continued its overnight level in positive direction against the dollar in the process of trading activity on Tuesday, dealers said.
INTER-BANK MARKET RATES: The rupee gained 09 paisas versus the dollar for both buying and selling at Rs 157.24 and Rs 157.26 respectively, they said.
OPEN MARKET RATES: In the second Asian trade, the yen rose on Tuesday as some investors tempered their optimism about the chances for a quick resolution to the U.S.-China trade war, which boosted so-called risk-off trades.
Global markets have been whipsawed by dramatic twists in the trade dispute this month. U.S. President Donald Trump on Monday flagged the possibility of a trade deal with China, days after both sides announced new tariffs.
The dollar was trading against the Indian rupee at Rs 71.805, the US currency was at 4.206 versus the Malaysian ringgit and the greenback was available at 7.161 in terms of the Chinese yuan.

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Open Bid       Rs.157.00

Open Offer     Rs.157.50

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.

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Bid Rate       Rs.157.24

Offer Rate     Rs.157.26

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RUPEE IN LAHORE: The Pak rupee depreciated its worth versus the major foreign 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 157.35 and Rs 157.90 against the overnight closing trend of Rs 157.00 and Rs 157.55 respectively.
Similarly, the national currency also followed the suit in relation to the pound sterling. The pound's buying and selling rates rose from the Monday's closing of Rs 191.00 and Rs 192.00 to Rs 191.25 and Rs 192.30 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 30 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 157.70(buying) and Rs 157.80(selling) against last rate of Rs 158(buying) and Rs 158.10(selling).
It closed at Rs 157.70(buying) and Rs 157.80(selling).
The buying and selling rates of one tola of gold remained as Rs 88,550(selling) and Rs 88,00(buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.
Copyright Business Recorder, 2019