The rupee moved both ways against the dollar on the money market on Tuesday in process of trading activity, dealers said. The rupee shed five paisas in relation to the dollar for buying and selling at Rs 156.15 and Rs 156.20, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee, however, gained 10 paisas versus the dollar for buying and selling at Rs 155.70 and Rs 156.20, they added. While, the rupee did not move any side in terms of the euro for buying and selling at Rs 171.00 and Rs 173.00, they added.
In the second Asian trade, the dollar held firm on Tuesday as the euro struggled on more signs of economic trouble in the euro zone, while sterling wallowed near one-week lows before a key Supreme Court ruling related to the suspension of Britain's parliament this month.
Traders were also keeping a watchful eye on Sino-US trade talks which is set to resume next month, with constantly-shifting expectations on the prospect of a deal keeping markets on edge in the past month.
The dollar rose slightly against the yen to 107.59 and inched higher against a basket of currencies to 98.664. It was steady against the euro, which stayed under $1.10 mark where it had fallen on Monday following dismal readings on German manufacturing.
Sterling was also under the gun, wallowing at $1.2429, near a one-week low, ahead of a UK Supreme Court ruling due around 0930 GMT.
The dollar was trading against the Indian rupee at Rs 70.805, the greenback was at 4.175 in terms of the Malaysian ringgit and the US currency was at 7.111 versus the Chinese yuan.
Open Bid Rs.155.70
Open Offer Rs.156.20
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
Bid Rate Rs.156.15
Offer Rate Rs.156.20
RUPEE IN LAHORE: The Pak rupee-greenback parity stayed unchanged amidst sluggish trading trend in the local currency market on Tuesday.
According to currency dealers, the greenback did not observe any change in its demand and supply situation as it firmly sustained its opening trend for buying and selling at Rs 156.00 and Rs 156.40 respectively.
Furthermore, the national currency continued fluctuation in its worth for the second consecutive day versus the pound sterling. Consequently, the British currency was bought and sold at Rs 193.55 and Rs 194.50 against the Monday's closing rate Rs 193.30 and Rs 194.70 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 10 paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 156.50 (buying) and Rs 156.60 (selling) against last rate of Rs 156.60 (buying) and Rs 156.70 (selling).
It closed at Rs 156.50 (buying) and Rs 156.60 (selling).
The buying and selling rates of one tola of gold were Rs. 69,100 (selling) and Rs 69,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.