Pak Rupee: Dollar moves upwards

Wednesday July 15, 2009

KARACHI: Bears dominated on the currency market on Tuesday as the rupee continued downward drift against dollar on both the interbank and open market, analysts said. On the interbank market, the rupee tended lower versus dollar, shedding 10 paisa for buying and selling at 82.50 and 82.55, they added.

In the second Asian trade yen was steady against dollar and euro, recovering from earlier losses, as investors braced for earnings reports including one from Goldman Sachs as well as economic data in the United States. The yen initially slipped on hopes that US financial sector earnings would be better than previously thought but it climbed back as investors played it safe before the figures are announced amid persistent worries over the global economy.

Open Market Rates: The rupee held its overnight level against dollar for buying at 82.30 while it shed 10 paisa for selling at 82.70, dealers said. Meanwhile the rupee maintained its overnight level in relation to euro for buying and selling at Rs 114.05 and Rs 115.05, they said.

Buying Rs 82.50
Selling Rs 82.55

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

Open Buying Rs 82.30
Open Selling Rs.82.70

(BRecorder)