THE RUPEE: rates slip

The dollar touched 103-level versus the rupee on the inter-bank market on Thursday due to strong demand for greenback, dealers said. The rupee was down by six-paisa versus the dollar for buying and selling at Rs 102.99 and Rs 103.01 respectively, they said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also shed five-paisa in terms of the dollar for buying and selling at Rs 102.75 and Rs 102.95 respectively. The rupee held the overnight levels in relation to the euro for buying and selling at Rs 130.00 and Rs 130.25 respectively, they said.

In the fourth Asian trade, the dollar firmed after an unexpected rise in US inflation, while the euro struggled to recover as speculation swirls about further European Central Bank (ECB) easing measures.

In Tokyo morning trade, the dollar strengthened to 107.31 yen from 107.14 yen in New York late Wednesday. The euro was mixed at $1.2636 and 135.61 yen, against $1.2643 and 135.46 yen. Inter bank buy-sell rates for the taka against the dollar on Thursday: 77.40-77.41 (previous 77.40-77.41). Call Money Rates: 07.00-08.75 percent (Previous 07.00-09.00 percent).

Open Bid       Rs.102.99
Open Offer     Rs.103.01

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

Bid Rate       Rs.102.75
Offer Rate     Rs.102.95

RUPEE IN LAHORE: The Pak rupee showed strength, as it registered marginal gain of five-paisa in relation to the greenback on the local currency market on Thursday.

According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 102.85 and Rs 103.10 as its buying and buying and selling rate, respectively. Because of slight pressure, its rate fell down to Rs 102.80 and Rs 103.05 on buying and selling side, respectively, the dealers said.

Similarly, the rupee maintained upward slide and was improved against the British pound. The pound was purchased and sold at Rs 164.65 and Rs 164.90 compared with Wednesday closing of Rs 165.25 and Rs 165.50, respectively, they added.

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

The dollar opened at Rs 101 (buying) and Rs 101.10 (selling) against same overnight rate. 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).

Recorder Report