RECORDER REPORT
KARACHI: The rupee recovered modestly against the dollar on the money market on Tuesday in the process of trading, money experts said.
INTER-BANK MARKET RATES: The rupee moved with little change in terms of the dollar for buying and selling at Rs 115.60 and Rs 115.61 respectively, they said.
In the second Asian trade, the dollar bounced against the yen on Tuesday, with broader risk appetite improving after a speech by Chinese President Xi Jinping promising to cut import tariffs eased concerns about a trade conflict between the world's two largest economies.
The dollar was up 0.3 percent at 107.130 yen after going as high as 107.245. The greenback had fallen in the two previous sessions as rhetoric from Chinese and US policymakers had kept markets wary.
The Australian dollar, sensitive to shifts in risk sentiment, was up 0.5 percent at $0.7737. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 82.98-82.98 (Previous 82.98-82.98).
OPEN MARKET RATES: The rupee appreciated by 10 paisas against the dollar for buying and selling at Rs 116.10 and Rs 116.50 respectively, they said. The rupee, however, extended overnight slide versus the euro for buying and selling at Rs 142.75 and Rs 144.25 respectively, they added.
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Open Bid Rs.116.10
Open Offer Rs.116.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.115.60
Offer Rate Rs.115.61
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RUPEE IN LAHORE: The Pak rupee remained under pressure and lost 15-paisa on buying side while it stayed unchanged on selling side in relation to the greenback in the local currency market on Tuesday.
The dollar resumed trading on a mixed note and showed strength on buying counter as it was purchased at Rs 116.20 against the overnight closing of Rs 116.05. However, its selling rate did not observe any change and ended at Rs 116.70, the currency dealers said.
The rupee showed stability and remained unchanged on buying side against the pound sterling but gained strength on selling side. The pound was traded at Rs 162.00 and Rs 163.00 on buying and selling counter as compared to the day earlier closing of Rs 162.00 and Rs 163.30, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 116.70 (buying) and Rs 116.80 (buying) against same last rate. It closed at Rs 116.70 (buying) and Rs 116.80 (buying).
