The rupee sustained its upward journey, picking up modestly against the dollar on the local currency market on Thursday, dealers said.
INTER-BANK MARKET RATES: The rupee posted fresh gain of three-paisa in terms of the dollar for buying and selling at Rs 101.85 and Rs 101.87 respectively, they said.
OPEN MARKET RATES: The rupee also gained 10-paisa versus the dollar for buying and selling at Rs 101.80 and Rs 102.00 respectively, while it rose by 75-paisa in relation to the euro for buying and selling at Rs 112.50 and Rs 112.75, they said.
In the fourth Asian trade, the euro wallowed near its weakest level in over 11 years against the dollar, as investors waited for the European Central Bank to announce more details of its massive bond-buying programme. The common currency eased 0.1 percent to $1.1065, holding just above Wednesday’s low near $1.1061, which was its lowest level since September 2003.
The dollar was available against the Indian rupee at Rs 62.24, the greenback was at 3.6575 in terms of the Malaysian ringgit and the US currency at 6.266 versus the Chinese yuan.
Interbank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-8.00 percent (Previous 07.00-08.00 percent).
Open Bid Rs 101.80
Open Offer Rs 102.00
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs 101.85
Offer Rate Rs 101.87
RUPEE IN LAHORE: The Pak rupee remained weak and lost five paisa against the US dollar on the local currency market on Thursday.
The currency dealers said the dollar resumed trading at its overnight closing of Rs 101.85 and Rs 102.10 as its buying and selling rate, respectively. The dollar witnessed a slight demand that pushed its rate up at Rs 101.90 and Rs 102.15 on buying and selling side, respectively.
However, the rupee showed strength and appreciated its worth against the pound sterling that was traded at Rs 154.75 and Rs 155.00 on buying and selling counter compared with Wednesday closing of Rs 155.80 and Rs 156.35, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).