Wednesday, September 20th, 2017
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Steadier trend prevailed on the money market on Tuesday as the rupee sustained present levels in the process of post-holiday session, dealers said. The rupee stayed put in terms of the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively, they said.

INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee was unchanged against the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, they said.

The rupee, however, lost 75 paisas versus the euro for buying and selling at Rs 124.75 Rs 126.00 respectively, they said.

In the second Asian trade, the dollar slipped against the Japanese yen and Swiss franc on Tuesday as global tensions simmered amid signs that North Korea could conduct more missile tests.

The US currency was down 0.4 percent at 109.335 yen, nearing a low of 109.220 hit the previous day in a knee-jerk reaction to North Korea's hydrogen bomb test on Sunday.

The Swiss franc advanced 0.2 percent at $0.9548 franc per dollar, adding to gains from Monday, when it rose 0.7 percent.

Geopolitical tensions flared anew after North Korea conducted a powerful nuclear test on Sunday. The region has remained nervous, bracing for more ballistic missile tests amid perceived signs of activity by Pyongyang ahead of Sept. 9, when the country marks its founding day.

The dollar was trading against the Indian rupee at Rs 64.130, the greenback was at 4.266 in terms of the Malaysian ringgit and the US currency was at 6.541 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.105.90

Open Offer Rs.106.10


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


Bid Rate Rs.105.39

Offer Rate Rs.105.40


RUPEE IN LAHORE: The Pak rupee depreciated on buying side while it stayed unchanged on selling side in relation to the US dollar in the local currency market on Tuesday.

According to currency dealers, the dollar commenced trading on its last closing trend of Rs 105.85 and Rs 106.20 as its buying and selling rates, respectively. At the close, it appreciated by 15-paisa on buying counter and ended at Rs 106.00.

However, no change in its value took place on selling counter as it maintained its opening trend of Rs 106.20, they added.

Furthermore, the national currency failed to hold its strength as it registered reduction versus the pound sterling.

The pound's buying and selling rates went up from last Thursday's closing of Rs 134.30 and Rs 135.60 to Rs 135.50 and Rs 135.90 respectively, they said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the remained uncharged 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

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