A kind of firmness prevailed on the currency market on Thursday as the rupee sustained its slight recovery against the dollar and euro, dealers said. The rupee inched up by one paisa against the dollar for buying and selling at Rs 101.78 and Rs 101.80, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee posted fresh gains of 10 paisa in relation to the dollar for buying and selling at Rs 102.20 and Rs 102.40, they said. The rupee also picked up 30 paisa versus the euro for buying and selling at Rs 127.30 and Rs 127.55, they said.
In the fourth Asian trade, the dollar edged down against the yen after lacklustre US economic data pushed Treasury yields lower and dulled investor appetite for the greenback. The dollar was down 0.2 percent at 117.555 yen, continuing its slow retreat from a seven-year high of 118.98 struck a week ago. The dollar was trading against the Indian rupee at Rs 61.85, the greenback was at 3.3450 versus the Malaysian ringgit and the US currency was available at 6.137 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.69-77.70 (previous 77.67-77.68). Call Money Rates: 06.25-08.25 percent (Previous 05.75-08.50 percent.
Open Bid Rs.102.20
Open Offer Rs.102.40
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs.101.78
Offer Rate Rs.101.80
RUPEE IN LAHORE: The Pak rupee remained strong against the US dollar on the local currency market on Thursday.
According to the currency dealers, the dollar was opened on a depressed note and remained under selling pressure. As a result, the dollar was declined to Rs 102.35 and Rs 102.60 as its buying and selling rate against Rs 102.60 and Rs 102.85 of Wednesday, respectively.
However, the rupee failed to maintain upward slide and suffered loss against the British pound. The pound was traded at Rs 161.25 and Rs 161.50 on buying and selling counter compared with day earlier closing of Rs 160.65 and Rs 160.90, respectively, the dealers said.
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 102.30 (buying) and Rs 102.40 (selling) against last rate of Rs 103 (buying) and Rs 103.10 (selling). It did not observe further change in the second session and closed at Rs 102.30 (buying) and Rs 102.40 (selling).
Pound Sterling opened at Rs 159 (buying) and Rs 160 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 159 (buying) and Rs 160 (selling).