RECORDER REPORT
KARACHI: An easier trend persisted on the money market on Tuesday as the rupee extended decline but with gradual pace in relation to the dollar in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee shed two paisas versus the dollar for buying and selling at Rs 105.42 and Rs 105.45 respectively, they said.
In the second Asian trade, the yen stood tall after tensions on the Korean peninsula flared-up anew amid an escalating war of words between North Korea and the United States, while the euro struggled near a four-week low versus the dollar.
The dollar was 0.15 percent lower at 111.550 yen after coming off a high of 112.530 the previous day. The euro was steady at 132.340 yen after dropping more than 1 percent overnight.
The Japanese currency made sharp gains after North Korea's foreign minister Ri Yong Ho said on Monday that President Donald Trump had declared war on the country and that Pyongyang reserved the right to take countermeasures, including shooting down US bombers even if they are not in its air space.
The dollar was trading against the Indian rupee at Rs 65.34, the greenback was at 4.206 in terms of the Malaysian ringgit and the US currency was at 6.620 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 80.80-80.80 (previous 80.80-80.80).
OPEN MARKET RATES: The rupee shed 10 paisas in terms of the dollar for buying and selling at Rs 106.00 and Rs 106.20 respectively, they said. The rupee, however, lost 80 paisas against the euro for buying and selling at Rs 124.50 and Rs 125.50 respectively, they said.
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Open Bid Rs.106.00
Open Offer Rs.106.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.105.42
Offer Rate Rs.105.45
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RUPEE IN LAHORE: The Pak rupee showed divergent trend in terms of the US dollar in the local currency market on Tuesday.
According to currency, the demand and supply situation of the US dollar continued to fluctuate on both ways throughout the trading session in the currency market.
At the close, it was ended at Rs 106.10 and Rs 106.30 for buying and selling, respectively, as compared to the overnight closing trend of Rs 106.15 and Rs 106.20 respectively, they added.
In addition, the rupee remained under pressure for the second consecutive day versus the pound sterling.
The pound's buying and selling rates further went up from Monday's closing of Rs 142.40 and Rs 143.60 to Rs 142.50 and Rs 143.00 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee was unchanged against the dollar 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 same last rate. It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.
