RECORDER REPORT
KARACHI: The rupee moved both ways against the dollar on the money market on Tuesday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee rose by two-paisa versus the dollar for buying at Rs 104.48 and it also gained one-paisa for selling at Rs 104.50, they said.
OPEN MARKET RATES: The rupee, however, lost 10-paisa in relation to the dollar for buying at Rs 104.35 and it also shed five-paisa for selling at Rs 104.55, they said. The rupee maintained its last levels versus the euro for buying and selling at Rs 116.50 and Rs 117.50 respectively, they added.
In the second Asian trade, the dollar stood tall versus the yen as improving investor risk appetite worked against the safe-haven Japanese currency, which was also under pressure from the prospect of the Bank of Japan eventually easing monetary policy.
Better risk appetite in turn helped the Australian dollar to a 2-week high, with the Aussie further boosted when the Reserve Bank of Australia held rates steady for a fifth month.
The dollar was available against the Indian rupee at Rs 65.30, the US currency was at 4.3600 in terms of the Malaysian ringgit and the greenback was at 6.357 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.80-77.80 (previous 77.80-77.80): 05.25-06.50 percent (Previous 05.25-06.50 percent).
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Open Bid Rs.104.35
Open Offer Rs.104.55
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.104.48
Offer Rate Rs.104.50
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RUPEE IN LAHORE: The local currency showed weakness against the dollar at the open currency markets of Lahore on Tuesday.
Currency dealers said the dollar resumed trading on a higher note at Rs 104.50 and Rs 104.75 on the buying and selling counters, respectively, as against Rs 104.35 and Rs 104.60 on Monday. The dollar appreciated its worth following lack of buying activity and closed well at Rs 104.55 and Rs 104.80 on the buying and selling counters, respectively.
The British Pound depreciated its worth against the local currency, which was purchased and sold at Rs 157.30 and Rs 158.30 as against Monday's closing rates of Rs 157.60 and Rs 158.50, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling).
Pound Sterling opened at Rs 161 (buying) and Rs 161.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 161 (buying) and Rs 161.50 (selling).
