Firmness prevailed on the money market on Thursday as the rupee moved with little gains against the dollar in the process of trading, dealers said. The rupee gained four-paisa in terms of the dollar for buying and selling at Rs 104.32 and Rs 104.34 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not move any side versus the dollar for buying and selling at Rs 104.40 and Rs 104.60 respectively, however it lost 75-paisa against the euro for buying and selling at Rs 116.50 and Rs 117.50 respectively, they said.
In the fourth Asian trade, the New Zealand dollar tumbled after the country’s central bank cut its benchmark interest rate and said it may ease policy further, especially if the South Pacific nation’s economy is weakened by a potentially sharper downturn in China.
The kiwi fell 2.0 percent to $0.6275. It slumped to a low of $0.6256 at one point, down from $0.6405 in late US trading on Wednesday. The dollar was trading against the Indian rupee at Rs 66.41, the US currency was at 4.3450 in terms of the Malaysian ringgit and greenback was at 6.3825 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.81 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.25-06.50 percent).
Open Bid Rs 104.40
Open Offer Rs.104.60
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs.104.32
Offer Rate Rs.104.34
RUPEE IN LAHORE: The Pak rupee remained firm in relation to the greenback at the open currency markets of Lahore on Thursday.
Currency dealers said the dollar resumed trading at Wednesday’s closing rates of Rs 104.50 and Rs 104.90 on buying and selling counters, respectively. In the wake of fresh buying activity, the dollar improved its worth by 05-paisa on buying side at Rs 104.55 and 10-paisa on selling side at Rs 105.
On the other hand, the local currency depreciated its worth against the British Pound, which was purchased and sold at Rs 159.50 and Rs 160.50 as against Rs 159 and Rs 160 on Wednesday, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling). Pound Sterling opened at Rs 161 (buying) and Rs 161.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 161 (buying) and Rs 161.50 (selling).