The dollar posted fresh gains against the rupee on the currency market on Thursday, money experts said.
INTER-BANK MARKET: As a result of increasing demand for dollar the rupee gave up its climb, shedding 10 paisa in terms of the US currency for buying and selling at 94.30 and 94.35, they said.
OPEN MARKET RATES: The rupee was down in relation to dollar, falling by 25 paisa for buying and selling at Rs 94.75 and 94.95, respectively, they said.
If rising demand for dollar persists, it is most likely that the rupee may cross the 95 level in the near future, some experts said.
The rupee, however, picked up 30 paisa in relation to euro for buying and selling at 116.20 and Rs 117.20, they said.
In the fourth Asian trade, dollar enjoyed a short-lived rise against yen on Thursday after the Bank of Japan refrained from easing policy but made a technical change to its asset buying programme.
The BoJ stood pat as expected, despite moves in that direction last week by central banks in the euro zone, Britain and China. It held its key policy rate in a range of zero to 0.1 percent by a unanimous vote, though it did tweak its asset-buying and lending programme.
The partially convertible Indian rupee closed at 55.93/94 as per the SBI closing rate, down from its Wednesday's close of 55.62/63.
Inter bank buy/sell rates for taka against dollar on Thursday: 81.80-81.8025 (previous 81.80-81.81) Call Money Rates: 6.00-10.25 percent (previous 7.00-11.00 percent).
Spot yuan closed at 6.3733 per dollar, down slightly from Wednesday's close of 6.3686. Recently the currency has persistently traded below the PBOC's midpoint, which is the base rate from which the PBOC allows the yuan to rise or fall one percent in a single day.
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Open Buying Rs 94.75
Open Selling Rs 94.95
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Open Market Rates: Inter-Bank Market for Dollar on Thursday.
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Buying Rs 94.30
Selling Rs 94.35
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RUPEE IN LAHORE: The Pak rupee remained under pressure and was declined by 30-paisa on buying side and 20-paisa on selling side in relation to the greenback in the local currency market on Thursday.
According to the currency dealers, the dollar witnessed fresh demand that helped its appreciation in the open market. The dollar ended higher at Rs 94.80 and Rs 95.20 as its buying and selling rates against Rs 94.50 and Rs 95.00 of Wednesday, respectively.
However, the rupee gained strength on buying side but lost its worth on selling side against the British pound. The pound was traded at Rs 146.50 and Rs 147.50 on buying and selling counters as compared to the day earlier closing of Rs 146.90 and Rs 147.40, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 94.2 (buying) and Rs 94.3 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.2 (buying) and Rs 94.3 (selling).
Pound Sterling opened at Rs 146 (buying) and Rs 146.5 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.5 (selling).
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