THE RUPEE: minor change

WEB DESK: The rupee inched up against the dollar on the money market on Thursday in the process of trading dealers said. The rupee gained two paisas versus the dollar for buying and selling at Rs 104.65 and Rs 104.68, they said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee sustained overnight levels against the dollar for buying and selling at Rs 106.00 and Rs 106.20, they said. While, the rupee lost 80 paisas in terms of the euro for buying and selling at Rs 116.50 and Rs 117.50, they added.

In the forth Asian trade, sterling licked its wounds near a seven-year low against the dollar, hampered by worries Britain may exit the European Union, while a rebound in oil prices helped stem buying in the safe-haven yen.

The British pound last stood at $1.3942, down 3.2 percent so far this week, with a test of its 2009 low of $1.35 within sight. It slid to $1.3878 on Wednesday, its lowest since early 2009. The dollar was trading against the Indian rupee at Rs 68.57, the greenback was at 4.2120 versus the Malaysian ringgit and the US currency was at 6.5332 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday. 78.45-78.46 (previous 78.48-78.48).

Open Bid       Rs.106.00
Open Offer     Rs.106.20


Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.

Bid Rate       Rs.104.65
Offer Rate     Rs.104.68

RUPEE IN LAHORE: The rupee went up against the dollar on Thursday as the latter resumed trading at its day earlier closing of Rs 106.10 and Rs 106.60 as its buying and selling.

But because of diminishing demand, the dollar failed to sustain itself and declined to Rs 106.00 and Rs 106.40 on buying and selling. The rupee showed some stability and remained unchanged on buying while gaining on selling against the British pound that was bought and sold at Rs 147.50 and Rs 148.50 as compared with the Wednesday closing of Rs 147.50 and Rs 148.50.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling). Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).

Source: Business Recorder