The rupee managed to gain modestly against the dollar on the local currency market on Thursday in the process of trading, dealers said. The rupee gained five-paisa against the dollar for buying at Rs 98.58 and it also rose by six-paisa for selling at Rs 98.60, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: While, the rupee held its overnight levels versus the dollar for buying and selling at Rs 99.70 and Rs 99.90 respectively, dealers said. The rupee also maintained its last levels in relation to the euro for buying and selling at Rs 135.25 and Rs 135.50 respectively, they said.
In the fourth Asian trade, the euro languished near four-month lows with investors firmly sidelined as they waited to see what measures the European Central Bank would implement to tackle the threat of deflation. The greenback was trading against the Indian rupee at Rs 59.30, the US currency was available at 3.2275 in terms of the Malaysian ringgit and the dollar was at 6.251 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.6300-77.6325 (previous 77.63-77.63). Call Money Rates: 05.50-07.25 percent (previous 05.50-07.25 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
RUPEE IN LAHORE: The Pak rupee staged recovery and gained 10-paisa on buying side at Rs 106.50 and 20-paisa on selling side at Rs 107.00 in relation to the greenback on the local currency market on Thursday.
According to the currency dealers, the dollar resumed trading on a negative sign and remained under pressure due to lacking buyers’ interest. At close, the dollar was slide down from Tuesday closing of Rs 106.60 and Rs 107.20 on buying and selling counter to Rs 106.50 and Rs 107.00, respectively, the dealers said.
Similarly, the national currency showed strength and was appreciated against the British pound. The pound’s buying and selling rates were declined from previous closing of Rs 174.30 and Rs 175.50 to Rs 174.00 and Rs 175.00, respectively, they added.
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 106 (buying) and Rs 106.25 (selling) against last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.25 (selling). Pound Sterling opened at Rs 173 (buying) and Rs 173.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.