RECORDER REPORT
KARACHI: Falling trend persisted on the money market on Tuesday as the rupee extended its overnight declines against the dollar in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee was unmoved in relation to the dollar for buying and selling at Rs 115.61 and Rs 115.62, they said.
In the second Asian trade, the dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the US economy, leaving its major rivals such as the euro struggling and others including the Argentine peso down sharply.
The market's attention was on US President Donald Trump's decision about the future of an international nuclear agreement with Iran, which he has repeatedly threatened to withdraw from.
The dollar was trading against the Indian rupee at Rs 67.270, the greenback was at 3.947 versus the Malaysian ringgit and the US currency was at 6.366 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 83.10-83.10 (Previous 83.10-83.10).
OPEN MARKET RATES: The rupee shed 60 paisas in terms of the greenback for buying at Rs 118.10 and the national currency also fell by 80 paisas for selling at Rs 118.60, they said. The rupee dropped by 20 paisas versus the euro for buying at Rs 139.50 while the national currency was unchanged for selling at Rs 141.00, they added.
========================
Open Bid Rs.118.10
Open Offer Rs.118.60
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
========================
Bid Rate Rs.115.61
Offer Rate Rs.115.62
========================
RUPEE IN LAHORE: The Pak rupee depreciated in terms of trading against the major foreign currencies including the US dollar and British pound in the local currency market on Tuesday.
According to currency dealers, the dollar commenced trading on a positive note due to its fresh supply in the market. As a result, the dollar ended higher for buying and selling at Rs 117.75 and Rs 118.50 as compared to the overnight closing trend of Rs 117.30 and Rs 118.00 respectively, they added.
Likewise, the national currency also followed the same suit versus the pound sterling. Resultantly, the pound's buying and selling further rates rose from Monday's closing of Rs 157.50 and Rs 158.40 to Rs 158.40 and Rs 159.60 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 117 (buying) and Rs 117.50 (selling) against same last rate. It closed at Rs 117 (buying) and Rs 117.50 (selling).
