The dollar maintained rising trend in terms of the rupee on local currency markets on Tuesday due to fears of coronavirus, dealers said.

In the second Asian trade, the safe-haven yen soared, the euro jumped after US treasury yields dropped and export sensitive currencies fell to multi-year lows on Monday as coronavirus fears routed global markets.

The yen jumped more than 3% to a day high of 101.69 per dollar, its highest in three years and the sharpest daily jump since mid-2016.

The euro rose more than 1.4% to an almost two-year peak of $1.1452. The Australian and New Zealand dollars both lost more than 2%, with the Aussie hitting a fresh 11-year low. Against the yen, the Aussie and Kiwi lost more than 5%.

The dollar was available against the Indian rupee at Rs 73.975, the US currency was trading versus the Malaysian ringgit at 4.208 and the greenback was at 6.943 in terms of the Chinese yuan.

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Open Bid       Rs 156.00
Open Offer     Rs 157.00
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Bid Rate       Rs 157.35
Offer Rate     Rs 157.45
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According to currency dealers, the short supply phenomenon of the greenback prevailed for another day in the market which helped its further appreciation for buying and selling at Rs 155.10 and Rs 156.45 against the overnight closing rate of Rs 154.00 and Rs 154.45 respectively.

Furthermore, the local currency moved both ways in relation to the pound sterling and ended for buying and selling at Rs 200.00 and Rs 201.40 against the Monday's closing trend of Rs 199.60 and Rs 201.50 respectively, they added.

The dollar opened at Rs 157(buying) and Rs 158 (selling) against last rate of Rs 156 (buying) and Rs 157 (selling).

It closed at Rs 157(buying) and Rs 158 (selling).

The buying and selling rates of one tola of gold were Rs. 96,700 (selling) and Rs 96,500(buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.