Wednesday June 24, 2009

KARACHI: The rupee improved with slight gains against dollar on the interbank market on Tuesday, rising three paisa for buying at 81.32 and five paisa for selling at 81.35, money experts said. The rupee may move both ways in the coming days despite the rising demand for dollars, they added.


On the second day of Asian trade dollar extended losses against yen Tuesday to hit its lowest point this month, as investors continued to cut bets on riskier assets and bought back yen against other major currencies. The dollar fell as low as 94.98 yen on trading platform EBS, its lowest since June 1, before trading at 95.06 yen, down 0.8 percent on the day.

Open Market Rates: The rupee extended its decline against dollar for the second day as it shed 10 paisa against dollar for buying at 81.40 and 40 paisa for selling at 81.90, they said. The rupee, however, maintained its firmness against euro, rising 90 paisa for buying at Rs 111.60 and it also rose by 80 paisa for selling at Rs 112.10, they said.

Open Buying Rs 81.40
Open Selling Rs 81.90

Interbank Closing Rates: Interbank Closing Rates For Dollar On Tuesday.

Buying Rs 81.32
Selling Rs 81.35

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