The rupee failed to halt slide versus the dollar on the money market on Thursday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee dropped by 15-paisa against the dollar for buying and selling at Rs 100.78 and Rs 100.80 respectively, they said.
OPEN MARKET RATES: The rupee shed five-paisa in relation to the dollar for buying at Rs 101.05 and it also depreciated by 10-paisa for selling at Rs 101.30 however, it gained 50-paisa in terms of the euro for buying and selling at Rs 118.00 and Rs 118.25, they said.
In the fourth Asian trade, the dollar edged up in Asian trade on Thursday, regaining some ground lost overnight after a surprisingly big fall in US retail sales. The greenback added about 0.2 percent to 117.59 yen, after skidding as low as 116.07 yen on Wednesday, a level last seen on December 16.
The dollar was trading against the Indian rupee at Rs 61.71, the greenback was available at 3.5640 in terms of the Malaysian ringgit and the US currency was at 6.1896 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.83-77.85 (previous 77.85-77.85). Call Money Rates: 07.00-09.25 percent (Previous 07.00-09.25 percent).
The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).
The Pak rupee maintained downward slide for another day and lost 30-paisa against the US dollar on the local currency market on Thursday.
According to the currency dealers, the dollar commenced trading on a positive sign and kept on rising following rising demand. As a result, the dollar was improved and closed at Rs 101.20 and Rs 101.45 on buying and selling side against the overnight closing of Rs 100.90 and Rs 101.15, respectively, the dealers said.
Likewise, the rupee also remained under pressure and was further declined against the British pound. The pound was traded at Rs 153.25 and Rs 153.50 on buying and selling counter compared with Wednesday closing of Rs 152.25 and Rs 152.50, respectively, they added.
Open Bid Rs 101.05
Open Offer Rs 101.30
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs 100.78
Offer Rate Rs 100.80