The rupee posted fresh gains against the dollar and euro on the money market on Thursday in the process of trading, dealers said. The rupee picked up 30-paisa versus the dollar for buying and selling at Rs 102.20 and Rs 102.35 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also gained 10-paisa in terms of the dollar for buying and selling at Rs 101.60 and Rs 101.80 respectively. It appreciated sharply in relation to the euro, rising Rs 2.25 for buying and selling at Rs 132.25 and Rs 132.50, they said.
In the fourth Asian trade, the euro held steady versus the dollar on Thursday, having recovered from one-year lows set earlier this week as investors repositioned ahead of the European Central Bank policy review. News of a ceasefire plan in eastern Ukraine further shored up the common currency, although this is now in doubt after Ukraine’s prime minister dismissed the proposal outlined by President Vladimir Putin.
The dollar was trading against the Indian rupee at Rs 60.47, the greenback was at 3.1760 versus the Malaysian ringgit and the US currency was at 6.1351 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.40-77.40 (previous 77.40-77.41). Call Money Rates: 05.50-06.75 percent (Previous 05.50-06.75 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
RUPEE IN LAHORE: The Pak rupee maintained upward slide and was further improved by 65-paisa in relation to the greenback on the local currency market on Thursday.
According to the currency dealers, the dollar was opened on a depressed note and kept on moving down throughout the day because of selling pressure. At close of trading, the dollar was ended at Rs 101.50 and Rs 101.75 against Rs 102.15 and Rs 102.40 on buying and selling side, respectively.
The rupee also showed strength and was appreciated against the pound sterling that was traded at Rs 166.60 and Rs 166.85 on buying and selling counter, compared with the day earlier closing of Rs 167.75 and Rs 168.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed a recovery of Re 1 against the dollar on the open currency markets of Islamabad and Rawalpindi here on Thursday. The dollar resumed trading at Rs 101 (buying) and Rs 101.10 (selling) against overnight value of Rs 102.00 (buying) and Rs 102.10 (selling). It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against. Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).