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The rupee showed mixed trend against the dollar on the money market on Tuesday in the process of trading activity, dealers said.

INTER-BANK MARKET RATES: The rupee dropped modestly versus the dollar for buying and selling at Rs 156.35 and Rs 156.37 respectively, they said.

OPEN MARKET RATES: The rupee was did not move any side against the dollar for buying and selling at Rs 156.00 and Rs 156.50 respectively, they added.

While, the rupee was down by 50 paisas in terms of the euro for buying and selling at Rs 170.50 at Rs 172.50 respectively, they added.

In the second Asian trade, the dollar rose to its highest in more than two years versus a basket of currencies on Tuesday before data that is forecast to show the US manufacturing sector returned to growth, which would ease concern about the impact of the trade war with China.

The euro teetered near its lowest in more than two years against the greenback before data expected to show European inflation has remained tepid, suggesting euro zone policy will remain accommodative for some time.

The dollar index against a basket of six major currencies rose 0.10% to 99.479, after briefly touching the highest since May 12, 2017.

The dollar rose 0.17% to 108.26 yen, close to its strongest level in almost two weeks.

The dollar was trading against the Indian rupee at Rs 70.855 and the greenback was at 4.191 in terms of the Malaysian ringgit.


Open Bid Rs.156.00

Open Offer Rs.156.50


Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.


Bid Rate Rs.156.35

Offer Rate Rs.156.37


RUPEE IN LAHORE: The Pak rupee continued upward trend for the second consecutive day against the greenback and the British pound in the local currency market on Tuesday.

Following lack of buyers' interest in the market, the greenback remained weak for another day and ended further lower for buying and selling at Rs 156.00 and Rs 156.40 against the overnight closing rate of Rs 156.10 and Rs 156.50 respectively, local currency dealers said.

Similarly, the rupee also followed the suit in process of trading versus the pound sterling. Consequently, the pound's buying and selling rates further slid from the Monday's closing of Rs 191.55 and Rs 192.90 to Rs 191.40 and Rs 192.10 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 10 paisas against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.

The dollar opened at Rs 156.70 (buying) and Rs 156.80(selling) against last rate of Rs 156.60 (buying) and Rs 156.70 (selling).

It closed at Rs 156.70 (buying) and Rs 156.80 (selling).

The buying and selling rates of one tola of gold were Rs. 69,100 (selling) and Rs 69,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.

Copyright Business Recorder, 2019

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