RECORDER REPORT

KARACHI: The rupee played both sides against the dollar on Tuesday in process of trading activity, dealers said.

They said that the rupee continued slide versus the dollar as during the day, the national currency was trading with the close level of Rs 108 in the open market.

INTER-BANK MARKET RATES: The rupee, however, picked up seven paisas in relation to the dollar for buying and selling at Rs 105.35 and Rs 105.37 they said.

In the second Asian trade, the dollar set a one-week low against the yen as investors turned cautious after US President Donald Trump's former campaign manager was charged with money laundering in the federal probe into Russian meddling in the 2016 presidential election.

The dollar held steady at 113.15 yen, after slipping as low as 112.97 yen in early Asian trade, its lowest level since Oct. 20.

Federal investigators probing Russian interference in the 2016 US election charged Trump's former campaign manager, Paul Manafort, and another aide, Rick Gates, with money laundering on Monday.

The dollar was available against the Indian rupee at Rs 64.82, the greenback was at 4.230 in terms of the Malaysian ringgit and the US currency was at 6.628 in relation to the Chinese yuan.

OPEN MARKET RATES: The rupee dropped by 10 paisas against the dollar for buying and selling at Rs 107.40 and Rs 107.60, they said.

While, the rupee did not show any change in terms of the euro for buying and selling at Rs 124.75 and Rs 126.05, they said.





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Open Bid Rs.107.40

Open Offer Rs.107.60

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.





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Bid Rate Rs.105.35

Offer Rate Rs.105.37

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RUPEE IN LAHORE: The rupee failed to hold it strength losing marginally by five paisas in terms of the greenback in the local currency market on Tuesday.

According to currency dealers, the greenback resumed trading on a positive note following lack of buyers' interest in the market. At the close, it slipped to Rs 107.50 and Rs 107.75 for buying and selling, respectively, as compared to the overnight closing trend of Rs 107.45 and Rs 107.70 respectively, they added.

In addition, the local currency remained under pressure for the second consecutive day against the pound sterling. The pound's buying and selling rates further rose from Monday's closing of Rs 140.90 and Rs 141.50 to Rs 141.30 and Rs 142.00 respectively, they said.

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

The dollar opened at Rs 106.70 (buying) and Rs 107 (selling) against same last rate. It closed at Rs 106.70 (buying) and Rs 107 (selling).

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