RECORDER REPORT
KARACHI: Firmness prevailed on the money market on Tuesday as the rupee held its present levels against the dollar in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee inched up by one paisa in relation to the dollar for buying and selling at Rs 105.49 and Rs 105.50 respectively.
In the second Asian trade, the dollar held steady versus the yen on Tuesday and held above a two-month low, with the near-term focus on a possible Senate vote on a US tax plan later in the week. Moves among major currencies were subdued, with market participants also waiting for a confirmation hearing on Tuesday for Federal Reserve chair nominee Jerome Powell, hoping for further clues on the outlook for the Fed's monetary policy.
In remarks prepared for the hearing released by the Fed on Monday, Powell defended the US central bank's use of broad crisis-fighting powers.
The dollar was available against the Indian rupee at 64.38, the greenback was at 4.116 in terms of the Malaysian ringgit and the US currency was trading versus the Chinese yuan at 6.605.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 82.00-82.20 (previous 81.90-81.90).
OPEN MARKET RATES: The rupee sustained its levels in terms of the dollar for buying and selling at Rs 107.40 and Rs 107.60 respectively, they said.
The rupee, however, gained 45 paisas versus the euro for buying and selling at Rs 127.30 and Rs 128.55 respectively, they said.
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Open Bid Rs.107.40
Open Offer Rs.107.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.105.49
Offer Rate Rs.105.50
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RUPEE IN LAHORE: The rupee-dollar parity stayed unchanged amidst sluggish trend in the local currency market on Tuesday.
According to currency dealers, the US dollar resumed trading on its last closing trend of Rs 107.30 and Rs 107.70 as its buying and selling rates, respectively.
At the close, no change in its value took place for buying and selling as it maintained its opening trend throughout the trading session, they added.
Furthermore, the national currency recovered its earlier losses in relation to the pound sterling. The pound's buying and selling rates slid from Saturday's closing of Rs 142.10 and Rs 143.00 to Rs 141.80 and Rs 142.70 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 10 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 107.50 (buying) and Rs 107.60 (selling) against last rate of Rs 107.40 (buying) and Rs 107.50 (selling). It closed at Rs 107.50 (buying) and Rs 107.60 (selling).
