The rupee moved both ways against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee inched up by two-paisa in terms of the dollar for buying at Rs 101.76 and it also gained three-paisa for selling at Rs 101.77, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee shed 10-paisa in relation to the dollar for buying and selling at Rs 102.10 and Rs 102.30. It also fell versus the euro, losing 50-paisa for buying and selling at Rs Rs 108.25 and Rs 108.50, they said.
In the fourth Asian trade, the euro slumped to a new 12-year low, reeling from an unrelenting onslaught after the European Central Bank started its quantitative easing (QE) campaign, highlighting the monetary policy divergence between the euro zone and the US.
The 1 trillion euro bond-buying programme the ECB launched on Monday by has dented the common currency’s appeal by driving yields of many euro zone bonds deeper into negative territory and others to all-time lows.
The greenback was available at Rs 62.52 versus the Indian rupee, the dollar was at 3.6840 against the Malaysian ringgit and the US currency was at 6.2629 in terms of 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 102.10
Open Offer Rs 102.30
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs 101.76
Offer Rate Rs.101.77
RUPEE IN LAHORE: The rupee continued downward slide for another day and lost 15-paisa on buying side (Rs 102.15) and 10-paisa on selling side (Rs 102.40) against the US dollar on the local currency market on Thursday.
Currency dealers said the dollar resumed trading on a healthy note and extended more gain because of buyers’ interest. At close, the dollar ended further higher at Rs 102.15 and Rs 102.40 against Rs 102.00 and Rs 102.30 of Wednesday, respectively, the dealers said.
However, the national currency showed stability and stayed unchanged against the British pound that was traded at its overnight closing of Rs 153.25 and Rs 153.50 on buying and selling counter, respectively, they 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).