The rupee almost managed to hold overnight levels against the dollar in the process of trading, dealers said.
INTER-BANK MARKET RATES: RATES: The rupee moved cautiously versus the dollar for buying and selling at Rs 154.24 and Rs 154.26 respectively, they said.
OPEN MARKET RATES: The rupee was unmoved in terms of the dollar for buying and selling at Rs 154.10 and Rs 154.40 respectively, they said. The rupee shed 10 paisas modestly against the euro for buying and selling at Rs 166.30 and Rs 167.80respectivel, they said.
In the second Asian trade, the dollar checked its march higher on Tuesday, as investors sharply raised bets that the growing fallout from the coronavirus outbreak would prompt US interest rate cuts.
That helped to stay a steep slide in Asian currencies that has accompanied the virus' recent rapid spread beyond China and allowed the pound and euro to drift slightly higher.
Countries around the world are stepping up efforts to prevent a pandemic, as infections tick past 80,000 people, 10 times more cases than SARS.
The dollar was trading against the Indian rupee at Rs 71.885, the greenback was at 4.223 versus the Malaysian ringgit and the US currency was available at 7.015 in terms of the Chinese yuan.
======================== Open Bid Rs 154.10 Open Offer Rs 154.40 ========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
======================== Bid Rate Rs 154.24 Offer Rate Rs 154.26 ========================
RUPEE IN LAHORE: The Pak rupee-greenback parity stayed unchanged amid sluggish trading activity in the open currency market on Tuesday.
According to currency dealers, the greenback did not observe any change in its demand and supply situation throughout the trading session and ended at its opening trend for buying and selling at Rs 154.15 and Rs 154.35 respectively.
Moreover, the local currency failed to sustain its day earlier recoveries against the pound sterling. At the close, the pound's buying and selling rates rose from the Monday's closing of Rs 198.00 and Rs 199.20 to Rs 198.50 and Rs 199.30 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained five paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 154.45 (buying) and Rs 154.50 (selling) against last rate of Rs 154.50 (buying) and Rs 154.55 (selling).
It closed at Rs 154.45 (buying) and Rs 154.50 (selling).
The buying and selling rates of one tola of gold were Rs Rs. 95,400 (selling) and Rs 95,000 (buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.
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