INTER-BANK MARKET RATES: The rupee gained three paisas versus the dollar for buying and selling at Rs 138.90 and Rs 138.92, they said.
OPEN MARKET RATES: The rupee sustained overnight level in terms of the dollar for buying and selling at Rs 138.80 and Rs 139.20, they said. The rupee rose by 30 paisas versus the euro for buying and selling at Rs 158.00 and Rs 159.50, they said.
In the second Asian trade, the dollar weakened on Tuesday on heightened expectations the Federal Reserve will hold off on raising rates this year due to a slowdown in global growth, while sterling edged up ahead of Britain's parliamentary vote on its Brexit plan.
Worries over the US economy losing steam as well as a shock contraction in Chinese trade have fanned worries about a sharp global slowdown, which will likely keep the Fed from tightening monetary policy further this year. The dollar index weakened by 0.12 percent to 95.48.
Interest rate futures markets are pricing in no further US rate hikes in 2019. Fed Chairman Jerome Powell said last week the US central bank has the ability to be patient on monetary policy given that inflation remains stable.
The dollar was available against the Indian rupee at Rs 70.935, the greenback was at 4.095 versus the Malaysian ringgit and the US currency was at 6.753 in terms of the Chinese yuan.
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Open Bid Rs.138.80
Open Offer Rs.139.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.138.90
Offer Rate Rs.138.92
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RUPEE IN LAHORE: The Pak rupee stayed firmed against the major foreign currencies including the greenback and the British pound in the local currency market on Tuesday.
The greenback did not observe any change in its demand and supply situation as it firmly sustained its opening trend for buying and selling at Rs 138.50 and Rs 139.60, respectively, till close of trading, local currency dealers said.
Likewise, the local currency also followed the same suit in relation to the pound sterling which was bought and sold at Rs 177.20 and Rs 178.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 60 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 138.90 (buying) and Rs 139 (selling) against last rate of Rs 139.50 (buying) and Rs 139.60 (selling). It closed at Rs 138.90 (buying) and Rs 139 (selling).
The buying and selling rates of one tola of gold was Rs 67,800(selling) and Rs 67,5000(buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.