INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee shed 10 paisas against the dollar for buying and selling at Rs 105.90 and Rs 106.10, they said. The rupee also dropped by 20 paisas in relation to the euro for buying and selling at Rs 114.80 and Rs 116.30, they said.
In the second Asian trade, the dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after US Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance.
The greenback last traded at 111.900 yen after touching 111.985, its strongest since March 31.
The dollar was boosted as long-term Treasury yields soared to multi-week highs after Mnuchin reiterated his view in an interview with Bloomberg, saying the government issuing debt exceeding 30-years in maturity "can absolutely make sense."
The dollar is moving in tandem with Treasury yields, which saw its benchmark rise above the 2.3 percent threshold with Mnuchin seemingly very enthusiastic about issuing so-called ultra long-term bonds," said Yukio Ishizaki, senior currency strategist at Daiwa Securities.
The jump in US debt yields helped the dollar brush off negative pressure from downbeat data.The dollar was trading versus the Indian rupee at Rs 64.178, the greenback was at 4.326 in terms of the Malaysian ringgit and the US currency was at 6.896 against the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday.
80.35-80.35 (previous 80.23-80.23).
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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.104.79
Offer Rate Rs.104.81
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RUPEE IN LAHORE: The Pakistani rupee showed strength as it recovered its earlier losses versus the US dollar in the local currency market on Tuesday.
According to currency dealers, the dollar commenced trading on a negative note amidst lack of buyers' interest in the market. At the close, it slid to Rs 105.60 and Rs 106.00 on buying and selling counters as compared to earlier closing trend of Rs 105.90 and Rs 106.15 respectively, they added.
Moreover, the national currency stayed unchanged on buying side while it appreciated on selling side against the British pound. The pound was bought and sold at Rs 135.50 and Rs 136.00 against Rs 135.50 and Rs 136.40 of Saturday, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 106 (buying) and Rs 106.10 (selling). It closed at the same rate. Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.