THE RUPEE: firm trend


Steadier trend was seen on the money market on Thursday in the process of trading, dealers said. The rupee managed to hold firmness against the dollar, picking up one-paisa for buying at Rs 98.16 and it rose by two-paisa for selling at Rs 98.18, they said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee shed 10-paisa in relation to the dollar for buying at Rs 99.80, while it did not move any side for selling at Rs 99.95. The rupee retained overnight levels versus the euro for buying and selling at Rs 137.25 and Rs 137.50, respectively.

In the fourth Asian trade, the euro inched lower versus the dollar on Thursday, staying on the defensive as the market turned cautious on expectations the European Central Bank may sound dovish following its policy review later in the day.

The dollar was trading against the Indian rupee at Rs 60.02, the greenback was at 3.2795 in term of the Malaysian ringgit and the US currency was at 6.208 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.67-77.67 (77.67-77.67). Call Money Rates: 06.50-08.25 percent (previous 05.00-08.25 percent).

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

RUPEE IN LAHORE: The Pak rupee failed to maintain upward move and lost 10-paisa against the greenback on the local currency market on Thursday.

According to the currency dealers, the dollar was opened on a healthy sign and registered gain following fresh buying. At close of trading, the dollar was ended higher at Rs 100.10 and Rs 100.35 as its buying and selling rates against Rs 100.00 and Rs 100.25 of Wednesday, respectively.

However, the rupee showed strength for another day and appreciated its worth against the pound sterling. The pound was purchased and sold at Rs 166.25 and Rs 166.75 against the day earlier closing of Rs 166.75 and Rs 167.00, respectively, the dealers said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Thursday. The dollar opened at Rs 100 for buying and Rs 100.10 for selling against same last rate. It did not observe further change in the second session and closed at Rs 100 for buying and Rs 100.10 for selling. Pound Sterling opened at Rs 165 for buying and Rs 165.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.

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