THE RUPEE: mixed pattern


The rupee moved both ways against the dollar on the currency market on Thursday in the process of trading, dealers said. The rupee picked up 20-paisa against the dollar for buying and selling at Rs 96.40 and Rs 96.45, dealers said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee failed to sustain its its gain versus the dollar, losing 20-paisa for buying at Rs 97.80 and the national currency also shed 10-paisa for selling at Rs 97.95. It, however, rose by 10-paisa against the euro for buying at Rs 134.65 and the single European currency gained 30-paisa for selling at Rs 134.95, they said.

In the fourth Asian trade, the yen wallowed at one-week lows against the dollar, having eased broadly overnight as a rally in global stocks dented demand for the safe-haven currency.

The dollar bought 102.22 yen after rising 0.3 percent on Wednesday, while the euro reached a two-week high of 141.77 yen before edging back to 141.22 yen. The dollar was trading against the Indian rupee at Rs 60.35, the greenback was at 3.2410 in terms of the Malaysian ringgit and the US currency was at 6.2181 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.6550-77.6600 (77.66-77.67). Call Money Rates: 06.75-08.25 percent (previous 05.00-08.25 percent).

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

RUPEE IN LAHORE: The national currency remained under pressure and depreciated its worth against the major currencies including US dollar and British pound on the local currency market on Thursday.

According to the currency dealers, the dollar was opened on a healthy note and registered gain following buyers’ interest. At close of trading, the dollar was ended higher at Rs 97.75 and Rs 98.00 on buying and selling side against Rs 97.50 and Rs 97.75 of Wednesday, respectively, the dealers said.

Similarly, the Pak rupee continued downward move and was further declined against the pound sterling. The pound was purchased and sold at Rs 163.60 and Rs 163.85 compared with Wednesday closing of Rs 162.00 and Rs 162.25, respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs 98.50 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (selling).

Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.

Recorder Report

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