Home »Money and Banking » Pakistan » Rupee » THE RUPEE: firm trend

The rupee held its overnight firmness against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee stayed put in relation to the dollar for buying and selling at Rs 106.30 and Rs 106.50 respectively, they said. The rupee was also unchanged in terms of the euro for buying and selling at Rs 124.00 and Rs 125.00 respectively, they said.

OPEN MARKET RATES: INTER-BANK MARKET RATES: The rupee inched down by one paisa against the dollar for buying and selling at Rs 105.40 and Rs 105.41 respectively, they said.

In the second Asian trade, the dollar inched higher against a basket of currencies, with traders focusing on the annual central banking conference in Jackson Hole this week for insights into the outlook for monetary policy.

The dollar index, which measures the greenback's value against a basket of six major currencies, edged up 0.1 percent to 93.169. The near-term focus is on a speech by US Federal Reserve Chair Janet Yellen on Friday at the Fed's annual central banking conference in Jackson Hole, Wyoming.

The dollar was trading against the Indian rupee at Rs 64.120, the greenback was available at 4.280 and the US currency was at 6.658 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 80.70-80.70 (previous 80.70-80.70).





========================

Open Bid Rs 106.30

Open Offer Rs 106.50

========================



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





========================

Bid Rate Rs 105.40

Offer Rate Rs 105.41

========================



RUPEE IN LAHORE: The rupee-dollar parity stayed unchanged amidst sluggish trend in the local currency market on Tuesday.

The demand and supply situation of the US dollar remained intact throughout the trading session that kept the local currency stabilize. Consequently, no change in its value took place on buying and selling counter as it maintained its opening rates of Rs 106.20 and Rs 106.50 respectively, local currency dealers said.

On the contrary, the local currency showed mixed patterns as it moved both ways against the pound sterling. The British currency was bought and sold at Rs 134.80 and Rs 137.60 against Rs 135.30 and Rs 136.00 of Monday, they added.

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 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.

Copyright Business Recorder, 2017


the author

Top
Close
Close