According to the market sources, positive measures may help the national currency to recover more grounds in terms of the dollar in the near future.
They said the central bank likely to take corrective steps to bring stability in the value of the rupee versus the dollar. The rupee managed to gain 30 paisas in terms of the dollar for buying and selling at Rs 112.00 and Rs 112.40, they said. The rupee also rose by 30 paisas against the euro for buying and selling at Rs 132.50 and Rs 134.50, they added.
OPEN MARKET RATES: INTER-BANK MARKET RATES: The rupee also picked up two paisas in relation to the dollar for buying and selling at Rs 110.52 and Rs 110.55, they said.
In the second Asian trade, the yen jumped on Tuesday after the Bank of Japan trimmed its buying of long-dated Japanese government bonds in market operations, helping to stoke speculation about a future exit from its massive stimulus policy.
The yen rose about 0.4 percent to 112.62 yen to the dollar, bouncing back further from its two-week low of 113.40 per dollar touched on Monday.
The dollar was trading against the Indian rupee at Rs 63.463, the greenback was available in relation to the Malaysian ringgit at 3.998 and the US currency was at 6.502 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday. 82.80-82.80 (Previous 82.75-82.75).
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Open Bid Rs 112.00
Open Offer Rs 112.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs 110.52
Offer Rate Rs 110.55
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RUPEE IN LAHORE: The Pak rupee registered reduction versus the major currencies including the American dollar and British pound in the local currency market on Tuesday.
According to currency dealers, the short supply phenomenon of the US dollar continued to prevail in the currency market which helped its further appreciation at Rs 112.25 and Rs 112.75 for buying and selling, respectively, as compared to the overnight closing trend of Rs 112.00 and Rs 112.60 respectively.
Likewise, the local currency also followed the same suit in terms of the pound sterling.
Consequently, the pound's buying and selling rates rose from Monday's closing of Rs 149.60 and Rs 150.50 to Rs 150.10 and Rs 151.00 respectively, 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 112 (buying) and Rs 112.10 (selling) against same last rate. It closed at Rs 112 (buying) and Rs 112.10 (selling).