THE RUPEE: rates slip


The rupee drifted lower against the dollar on the money market on Thursday in the process of trading, they said. The rupee shed two-paisa versus the dollar for buying and selling at Rs 101.99 and Rs 102.00 respectively, they said.

INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee also lost 10-paisa in terms of the dollar for buying and selling at Rs 103.50 and Rs 103.70 respectively, but it sustained the overnight value against the euro for buying and selling at Rs 113.00 and Rs 114.00, they added.

In the fourth Asian trade, the dollar hit its highest since December 2002 against the yen on Thursday due to expectations that US interest rates will rise later this year, while the Australian dollar struck a six-week low following disappointing capital expenditure data. The greenback soared as high as 124.30 yen, and last stood at 124.15 yen.

The dollar was trading against the Indian rupee at Rs 63.87, the greenback was at 3.6370 in terms of the Malaysian ringgit and the US currency was at versus the Chinese yuan 6.198. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-7.00 percent (Previous 05.25-07.00 percent).

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Open Bid       Rs.103.50
Open Offer     Rs.103.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.

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Bid Rate       Rs.101.99
Offer Rate     Rs.102.00
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RUPEE IN LAHORE: The rupee-dollar parity remained unchanged amid a low trading activity on the local currency market on Thursday.

The dollar resumed trading at its day earlier closing of Rs 103.70 and Rs 103.95 as its buying and selling rate, respectively and never face any change in its demand and supply situation throughout the day that kept its rate unchanged at the opening level.

The rupee staged a recovery and improved against the pound sterling which was purchased and sold at Rs 159.10 and Rs 159.60 compared with the Wednesday closing of Rs 159.20 and Rs 159.70, respectively.

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).

Recorder Report

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