RECORDER REPORT
KARACHI: The State Bank of Pakistan’s (SBP) corrective measure to bring back rupee on track, helped the national currency to recover some gains against the dollar in both the inter-bank and open market on Tuesday, dealers said.
Since the political crisis emerged the rupee lost approximately, four percent versus the dollar, experts said. On Monday, to halt erosion in the value of the rupee, the central bank called meeting with commercial banks to take precautionary measure, which produced result as the rupee showed slight improvement, they said.
INTER-BANK MARKET RATES: The rupee recovered 75 paisa against the dollar for buying at Rs 102.40 and it also rose by 80 paisa for selling at Rs 102.45, they said.
OPEN MARKET RATES: Similarly, the rupee also picked up 90 paisa in relation to the dollar for buying and selling at Rs 101.30 and Rs 101.50, they said. The rupee also recovered 50 paisa in terms of the euro for buying and selling at Rs 133.50 and Rs 133.75, they said.
In the second Asian trade, the euro stayed plumbed a one-year trough against the dollar as prospects for further easing by the European Central Bank weighed on the currency along with weak euro-zone data and the resignation of the French government. Faced with a host of negative factors the euro dropped as low as $1.3178 before limping back to $1.3200.
The dollar was trading against the Indian rupee at Rs 60.53, the greenback was at 3.1620 in terms of the Malaysian ringgit and the US currency was at 6.152 versus the Chinese yuan.
Inter bank buy-sell rates for the taka against the dollar on Tuesday. 77.40-77.41 (previous 77.41-77.43). Call Money Rates: 05.50-06.75 percent (previous 05.40-07.00 percent).
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Open Bid Rs 101.30
Open Offer Rs 101.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs 102.40
Offer Rate Rs 102.45
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RUPEE IN LAHORE: The Pak rupee recovered some of its day earlier loss and was improved by five-paisa against the US dollar on the local currency market on Tuesday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 102.25 and Rs 102.50 as its buying and selling rates, respectively. In the absence of buyers’ interest, the dollar could not sustain and was marginally declined to Rs 102.20 and Rs 102.45 on buying and selling counters, respectively, the dealers said.
However, the rupee maintained downward slide and was further declined against the pound sterling. The pound was traded at Rs 168.75 and Rs 169.00 on buying and selling side compared with overnight closing of Rs 168.00 and Rs 168.25, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 102.00 (buying) and Rs 102.10 (selling) against last rate. It did not observe further change in the second session and closed at Rs 102.00 (buying) and Rs 102.10 (selling).
Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).
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 26, 2014).
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Open Bid Rs 101.30
Open Offer Rs 101.50
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Dollar's rate in interbank market
RECORDER REPORT
KARACHI: Interbank closing rates for dollar on Tuesday (August 26, 2014).
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Bid Rate Rs 102.40
Offer Rate Rs 102.45
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