RECORDER REPORT
KARACHI: The rupee could not maintain its rising trend against the dollar on the money market on Tuesday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee lost 63-paisa in relation to the dollar for buying and selling at Rs 104.73 and Rs 104.76 respectively, they said.
OPEN MARKET RATES: The rupee followed the suit on the open market versus the dollar, losing 30-paisa for buying and selling at Rs 105.80 and Rs 106.00 respectively. The rupee also fell sharply by Rs 1.75 against the euro for buying and selling at Rs 117.75 and Rs 118.75 respectively, they added.
In the second Asian trade, the dollar briefly crashed through the 115-yen level to its lowest since November 2014 on Tuesday, as a sell-off in European and US stocks continued into the Asian session and stoked demand for the perceived safe-haven Japanese currency.
The dollar was last at 115.26 yen, down 0.6 percent, after dropping as low as 114.75. Three-month dollar/yen implied volatility-an indicator of how much currency movement is expected over the coming months-jumped as high as 12.137 percent on Tuesday, its highest since September 2013, as the yen soared in spot foreign exchange trading. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 78.65-78.70 (previous 78.68-78.75).
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Open Bid Rs 105.80
Open Offer Rs 106.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs 104.73
Offer Rate Rs 104.76
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RUPEE IN LAHORE: The rupee did fail to keep going up lost 10-paisa in relation to the American dollar on Tuesday.
The dollar did keep going up following buyers’ interest and finally end higher at Rs 105.45 and Rs 105.70 on buying and selling against Rs 105.35 and Rs 105.80 of Monday.
But the rupee did show strength against the pound sterling that was traded at Rs 151.00 and Rs 152.00 on buying and selling as compared with the previous closing of Rs 152.00 and Rs 153.00.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
