INTER-BANK MARKET RATES: In the second Asian trade, the yen held firm against the dollar on Tuesday as a political scandal engulfing Japanese Prime Minister Shinzo Abe's government raised doubts about his ability to continue to pursue his economic policies, including monetary easing.
The yen traded at 106.44 per US dollar, after gaining 0.4 percent the previous day as Abe's cronyism scandal attracted fresh attention from market participants. The Ministry of Finance admitted on Monday it altered documents related to a discounted sale of state-owned land to a school operator with ties to Abe's wife.
The suspected cover-up could slash Abe's ratings and dash his hopes for a third term as leader of his Liberal Democratic Party (LDP) in LDP leadership vote in September.
The dollar was trading against the Indian rupee at Rs 64.948, the greenback was available at 3.905 versus the Malaysian ringgit and the US currency was at 6.327 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 82.96-82.96 (Previous 82.96-82.96).
OPEN MARKET RATES: The rupee picked up more 10 paisas in terms of the dollar for buying and selling at Rs 111.50 and Rs 111.80 respectively, they said.
The rupee also gained 25 paisas in relation to the euro for buying and selling at Rs 136.50 and Rs 138.00 respectively, they added.
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Open Bid Rs.111.50
Open Offer Rs.111.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Bid Rate Rs.110.57
Offer Rate Rs.110.58
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RUPEE IN LAHORE: The Pak rupee witnessed divergent trend in terms of trading against the US dollar in the local currency market on Tuesday.
According to currency dealers, the demand and supply situation of the US dollar continued to fluctuate throughout the trading session. At the close, the dollar was ended at Rs 111.40 and Rs 111.70 for buying and selling, respectively, as compared to the overnight closing of Rs 111.30 and Rs 111.75 respectively, they added.
In addition, the national currency remained under pressure for the second consecutive day versus the pound sterling. Resultantly, the pound's buying and selling rates further rose from Monday's closing of Rs 153.30 and Rs 154.20 to Rs 153.65 and Rs 154.30 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed recovery of 10 paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 111.80 (buying) and Rs 111.90 (selling) against last rate of Rs 111.90 (buying) and Rs 112 (selling). It closed at Rs 111.80 (buying) and Rs 111.90 (selling).