RECORDER REPORT
KARACHI: The rupee was almost unchanged against the dollar on the money market on Tuesday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee was inert versus the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively, they said.
OPEN MARKET RATES: The rupee held the overnight levels in relation to the dollar for buying and selling at Rs 106.70 and Rs 106.90 respectively, they said. The rupee shed 35 paisas in terms of the euro for buying and selling at Rs 126.60 respectively.
In the second Asian trade, the dollar inched down slightly in Asian trading, but maintained most of the gains it made on last week's robust employment data that kept hope alive that the US Federal Reserve could still increase interest rates this year.
The dollar index, which tracks the greenback against a basket of six major rivals, was down 0.1 percent at 93.325.
It held well above last week's 15-month low of 92.548, though it remained shy of Friday's post-jobs data high of 93.774 as investors pondered the timing of the US central bank's next tightening steps.
"Looking to the Fed futures market, there's less than a 50 percent chance of one more rate hike this year," said Bill Northey, chief investment officer at US Bank Private Client Group in Helena, Montana.
The dollar was trading against the Indian rupee at Rs 63.720, the greenback was at 4.282 in terms of the Malaysian ringgit and the US currency was at 6.698 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 80.70-80.70 (previous 80.69-80.70).
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Open Bid Rs.106.70
Open Offer Rs.106.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.105.39
Offer Rate Rs.105.40
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RUPEE IN LAHORE: The Pakistani rupee showed divergent trend versus the major currencies including the US dollar and British pound in the local currency market on Tuesday.
According to currency dealers, the US dollar kept on moving both ways following divergent trend in the currency market.
At the close, it ended at Rs 106.65 and Rs 106.95 on buying and selling side, respectively, as compared to the overnight closing trend of Rs 106.60 and Rs 107.00 respectively, they added.
Likewise, the local currency also followed the same suit against the pound sterling. The British currency was bought and sold at Rs 138.20 and Rs 139.20 against Monday's closing rates of Rs 138.40 and Rs 139.00 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar was inert against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against last rate of Rs 107 (buying) and Rs 107.10 (selling). It closed at Rs 107.10 (buying) and Rs 107.20 (selling).
