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The rupee maintained firm trend against the dollar on the money market on Tuesday, dealers said. The rupee showed marginal change in relation to the dollar for buying and selling at Rs 104.89 and Rs 104.90, they said.

INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee was unchanged in terms of the dollar for buying and selling Rs 105.90 and Rs 106.10, they said. The rupee was trading against the euro for buying and selling at Rs 117.30 and 118.60, they said.

In the second Asian trade, the dollar reached a more than three-week high versus the yen on Tuesday, after an influential Federal Reserve official said US inflation should rise alongside wages, reinforcing expectations for the Fed to keep raising interest rates.

At one point, the dollar rose to 111.775 yen, reaching its strongest level since May 26. That marked a gain of about 2.7 percent from the dollar's near 2-month low of 108.81 yen set on June 14.

The dollar was trading against the Indian rupee at Rs 64.355, the greenback was available at 4.267 in terms of the Malaysian ringgit and the US currency was at 6.812 versus the Chinese yuan.





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Open Bid Rs.105.90

Open Offer Rs.106.10

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.





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Bid Rate Rs.104.89

Offer Rate Rs.104.90

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RUPEE IN LAHORE: The Pak rupee appreciated against the major foreign currencies including the American dollar and British pound in local currency market on Tuesday.

The currency dealers said the US dollar resumed trading on a negative note as it witnessed slight changes in its demand and supply situation amidst lack of buyers' interest in the market. Consequently, it slid to Rs 105.90 and Rs 106.15 on buying and selling side as compared to previous closing trend of Rs 106.00 and Rs 106.20, respectively, they added.

Likewise, the local currency also followed the same suit against the pound sterling. The pound' buying and selling rates declined from Monday' closing rates of Rs 134.70 and Rs 135.50 to Rs 133.00 and Rs 134.80 respectively, they said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday. The dollar opened at Rs 105.95 (buying) and Rs 106.10 (selling). It closed at the same rate. Buying and selling rates of British Pound remained Rs 136.50 (buying) and Rs 138.50 (selling).

Copyright Business Recorder, 2017


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