THE RUPEE: Rates unmoved

The rupee did not show any change against the dollar on the money market on Tuesday in the process of trading activity, dealers said.

INTER-BANK MARKET RATES: RATES: The rupee was unchanged versus the dollar for buying and selling at Rs 154.42 and Rs 154.44 respectively, they said.

OPEN MARKET RATES: The rupee held the last levels in terms of the dollar for buying and selling at Rs 154.30 and Rs 154.60 respectively, while the rupee gained sharply in terms of the euro for buying and selling at Rs 167.80 and Rs 169.30 respectively, they said.

In the second Asian trade, heavily-sold Asian currencies were modestly firmer on Tuesday, as investor risk appetite recovered with an apparent slowdown in the rate of coronavirus infection, even as the death toll rose.

China reported 108 new coronavirus deaths on Tuesday, bringing the total number of people killed in the country to 1,016, yet the number of new cases fell.

The Australian dollar, which is highly sensitive to China's economic health because of Australia's commodity-heavy export profile, rose 0.3 percent to $0.6707. It had hit a decade low on Monday and remains nearly 4.5% lower this year.

China's yuan was firm at 6.9773 per dollar and the People's Bank of China held its mid-point guidance relatively steady, even though the US dollar had gained sharply overnight.

The dollar was trading against the Indian rupee at Rs 71.203, the greenback was at 4.138 versus the Malaysian ringgit and the US currency was available at 6.973 in terms of the Chinese yuan.

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Open Bid       Rs 154.30
Open Offer     Rs 154.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.

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Bid Rate       Rs 154.42
Offer Rate     Rs 154.44
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RUPEE IN LAHORE: The Pak rupee remained under pressure and lost 20-paisa on buying side and 5-paisa on selling side in relation to the greenback in the local currency market on Tuesday.

According to the currency dealers, the dollar resumed on a healthy note and registered gain following buyers' interest. At close of trading, the dollar ended higher at Rs 154.20 and Rs 154.45 on buying and selling side against the overnight closing of Rs 154.00 and Rs 154.40, respectively.

However, the rupee remained weak and declined on buying side while it registered gain on selling side against the British pound. The pound was purchased and sold at Rs 198.15 and Rs 199.00 as compared to previous closing of Rs 198.00 and Rs 199.30, respectively, the dealers said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 10 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.

The dollar opened at Rs 154.70(buying) and Rs 154.80(selling) against last rate of Rs 154.60(buying) and Rs 154.70(selling).

It closed at Rs 154.70(buying) and Rs 154.80(selling).

The buying and selling rates of one tola of gold were Rs 91,500 (selling) and Rs 91,200(buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.