INTER-BANK MARKET RATES: The rupee shed 10 paisas in terms of the dollar for buying and selling at Rs 158.70 and Rs 158.80 respectively, they said.
OPEN MARKET RATES: The rupee maintained last levels in relation to the dollar for buying and selling at Rs 158.50 and Rs 159.00 respectively, dealers said. The rupee rose by Rupee one against the euro for buying and selling at Rs 173.50 and Rs 175.50 respectively, they said.
In the second Asian trade, the dollar hovered near a three-week high on Tuesday, as expectations policymakers around the world would unleash fresh stimulus drove an improvement in appetite for riskier assets and lifted US government bond yields.
Yields on benchmark US Treasuries pulled away from three-year lows, helped in part by the prospect of Germany ditching its balanced budget rule to boost spending and on more economic support measures by China.
China's yuan was down 0.2% at 7.0661 per dollar in onshore trade against the broadly firmer greenback.
The yuan was also modestly pressured after the People's Bank of China (PBOC) set its new lending rate slightly lower. It was the first publication of the benchmark since the PBOC announced interest rate reforms over the weekend designed to lower corporate borrowing costs.
The dollar was available against the Indian rupee at Rs 71.580, the US currency was at 4.180 in terms of the Malaysian ringgit and the greenback was trading at 7.067 versus the Chinese yuan.
========================
Open Bid Rs 158.50
Open Offer Rs 159.00
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
========================
Bid Rate Rs 158.70
Offer Rate Rs 158.80
========================
RUPEE IN LAHORE: The Pak rupee witnessed divergent trend versus the US dollar in the local currency market on Tuesday.
Following fluctuating demand and supply situation in the market, the greenback moved both ways and ended for buying and selling at Rs 158.30 and Rs 159.00 against the opening rates of Rs 158.25 and Rs 159.40 respectively, local currency dealers said.
In addition, the local currency continued to keep going down for the second consecutive day against the pound sterling. The pound's buying and selling rates further slid from the Monday's closing of Rs 190.00 and Rs 192.50 to Rs 189.50 and Rs 191.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 10 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 159.50(buying) and Rs 159.60(selling) against last rate of Rs 159.60(buying) and Rs 159.70(selling).
It closed at Rs 159.50(buying) and Rs 159.60(selling).
The buying and selling rates of one tola of gold remained as Rs 89,000(selling) and Rs 89,800(buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.