INTER-BANK MARKET RATES: In the second Asian trade, the dollar inched up against the yen and euro as some investors emerged out of the holiday lull to hunt for bargains as the market entered the last trading stretch of the year.
The euro slipped 0.2 percent to $1.0435 after climbing overnight to $1.0469. The dollar was up 0.3 percent at 117.420 yen after slipping to a six-day low near 117.000 the previous day in reaction to slightly lower US yields. The 10-year Treasury note yield rebounded from the previous day's decline to shore up the dollar.
The yen showed little reaction to Japan's inflation data, which saw core consumer prices mark the ninth straight month of annual declines in November. Movements were limited with financial markets in Sydney, Hong Kong and London still closed on Tuesday for the Christmas holidays. The dollar was trading against the Indian rupee at Rs 67.86, the greenback was at 4.4760 in terms of the Malaysian ringgit and the US currency was at 6.9495 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday 78.70-78.80 (previous 78.78-78.80).
OPEN MARKET RATES: The rupee firmly held last levels versus the greenback for buying and selling at Rs 108.00 and Rs 108.20 respectively, while the rupee lost 40 paisas in terms of the euro for buying and selling at Rs 112.60 and Rs 114.10 respectively, they said.
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Open Bid Rs.108.00
Open Offer Rs.108.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.104.85
Offer Rate Rs.104.90
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RUPEE IN LAHORE: The Pakistani rupee stayed unchanged on buying side while further appreciated on selling side against the US dollar in the local currency market here on Tuesday.
According to currency dealers, the trading of the US dollar resumed on its Monday's closing of Rs 108.00 and Rs 108.50 as its buying and selling rates, respectively. At the close, the dollar did not observe any change in its buying rate as it sustained its overnight trend of Rs 108.00 on buying counter. However, it further declined its worth to Rs 108.35, on selling counter, respectively, they added.
On the contrary, the local currency failed to hold its strength and registered reduction versus the pound sterling. The pound's buying and selling rates went up from the day earlier closing rates of Rs 131.30 and Rs 132.30 to Rs 131.50 and Rs 132.50, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar showed an improvement of Rs 1 against rupee at currency exchange shops of Islamabad and Rawalpindi here on Tuesday.
The dollar resumed trading at Rs 108 (buying) and Rs 108.50 (selling) against last rate of Rs 107 (buying) and Rs 107.50 (selling). It did not observe further change in evening session and closed at Rs 108 (buying) and Rs 108.50 (selling).
Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last week's rate. It did not observe further change in the second session and closed at Rs 135 (buying) and Rs 135.10 (selling).