The rupee moved both ways against the dollar on money market on Thursday in the process of trading, dealers said. The rupee was down by four-paisa in relation to the dollar for buying and selling at Rs 98.82 and Rs 98.84, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee, however, recovered five-paisa in terms of the dollar for buying and selling at Rs 98.70 and Rs 98.90 respectively, while it shed five-paisa in terms of the euro for buying and selling at Rs 133.25 and Rs 133.50, they said.
In the fourth Asian trade, the euro wallowed at five-month lows against the yen and held near a two-year trough on sterling, having weakened broadly overnight in a move that should provide some comfort to the European Central Bank. Traders said recent upbeat UK data had prompted investors to switch into sterling from the euro.
The dollar was traing against the Indian rupee at Rs 60.12, the greenback was at 3.1820 versus the Malaysian ringgit and the US currency was available at 6.2028 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka BDT against the dollar on Thursday: 77.58-77.60 (previous 77.60-77.60). 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 national currency showed strength and registered gain against the major currencies including US dollar and British pound on the local currency market on Thursday.
According to the currency dealers, the dollar resumed trading on a negative sign and remained under selling pressure throughout the day. Finally, the dollar was ended further lower at Rs 98.75 and Rs 99.00 as it’s buying and selling rate against Rs 98.85 and Rs 99.10 of Wednesday, respectively, the dealers said.
Similarly, the rupee maintained upward trend and was further appreciated against the pound sterling. The pound’s buying and selling rates were decreased from overnight closing of Rs 169.00 and Rs 169.25 to Rs 168.75 and Rs 169.00, 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.