RECORDER REPORT
KARACHI: The dollar is marching toward Rs 101 mark due to rising demand for greenback on the local currency market on Tuesday, dealers said.
INTER-BANK MARKET RATES: The rupee lost 42-paisa in relation to the dollar for buying at Rs 100.45 and it also dropped by 45-paisa for selling at Rs 100.50, they said.
OPEN MARKET RATES: The rupee adopted the same pattern on the open market, losing 50-paisa against the dollar for buying at Rs 100.35 and it also fell by 60-paisa for selling at Rs 100.55, they said. The rupee shed 50-paisa in relation to the euro for buying and selling at Rs 133.50 and Rs 133.75 respectively, they said.
In the second Asian trade, the dollar steadied after Monday's gains on upbeat US housing data and a rise in US bond yields, but traders are waiting for hints on Federal Reserve policy intentions before they test major resistance levels.
The only mover among major currencies in Asia was the New Zealand dollar, which shed a half percentage point after soft economic data pointed to a pause in the country's rate hikes.
The dollar was at 60.68 versus the Indian rupee, the greenback was available at 3.1518 in terms of the Malaysian ringgit and the US currency was trading at 6.1368 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.43-77.44 (previous 77.44-77.44). Call Money Rates: 05.50-07.25 percent (previous 05.50-07.25 percent).
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Open Bid Rs.100.35
Open Offer Rs.100.55
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.100.45
Offer Rate Rs.100.50
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RUPEE IN LAHORE: The Pak rupee failed to maintain upward slide and depreciated its worth by 20-paisa in relation to the greenback on the local currency market on Tuesday.
According to the currency dealers, the dollar was opened on a healthy note and kept on rising following fresh buying. At close of trading, the dollar was ended higher at Rs 99.90 and Rs 100.15 as its buying and selling rates against Rs 99.70 and Rs 99.95 of Monday, respectively.
Similarly, the rupee remained weak and was declined against the British pound. The pound was traded at Rs 166.50 and Rs 166.75 on buying and selling counter compared with day earlier closing of Rs 166.25 and Rs 166.50, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 99.50 (buying) and Rs 99.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 99.50 (buying) and Rs 99.60 (selling).
Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It did not observe any further fluctuation by the end of the day and closed on the same rates.
Kerb buying and selling rate of US dollar
RECORDER REPORT
KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (August 19, 2014).
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Open Bid Rs.100.35
Open Offer Rs.100.55
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Dollar's rate in interbank market
RECORDER REPORT
KARACHI: Interbank closing rates for dollar on Tuesday (August 19, 2014).
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Bid Rate Rs.100.45
Offer Rate Rs.100.50
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