The rupee managed to hold present levels against the dollar on the money market on Tuesday in the process of trading activity, dealers said.
In the second Asian trade, the dollar held close to its 2019 high on Tuesday as US-Sino trade tensions and global growth worries underpinned the greenback's safe-haven appeal, while the euro and the British pound were hurt by troubles of their own.
The dollar index was steady at 97.06, after advancing 0.45 percent in the previous session, its largest percentage gain since Jan. 24.
The dollar was trading against the Indian rupee at Rs 70.910, the greenback was at 4.075 versus the Malaysian ringgit and the US currency was available at 6.785 in terms of the Chinese yuan.
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Open Bid Rs.138.70
Open Offer Rs.139.20
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Bid Rate Rs.138.92
Offer Rate Rs.138.94
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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 138.85 and Rs 139.40 against the overnight closing trend of Rs 137.50 and Rs 138.60 respectively.
Likewise, the national currency also followed the same suit in relation to the pound sterling. The pound's buying and selling rates declined from the Monday's closing of Rs 177.20 and Rs 178.50 to Rs 177.30 and Rs 178.85 respectively, they added.
The dollar opened at Rs138.80 (buying) and Rs 138.90(selling) against last rate of Rs 138.70(buying) and Rs 138.80(selling). It closed at Rs138.80 (buying) and Rs 138.90(selling).
The buying and selling rates of one tola of gold was Rs. 67,300 (selling) and Rs 67,000(buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.