Falling trend persisted on the currency market on Thursday as the rupee continued its fall versus the dollar ahead of monetary policy on Friday, dealers said. Marketmen attributed the decline to payments to the International Monetary Fund (IMF) and other major oil payments. Today, both foreign and local banks bought approximately 60-70 million dollars to clear bills, they observed.
INTERBANK MARKET RATES: The rupee dropped by 22 paisa against the dollar for buying at 95.32 and it also lost 21 paisa for selling at 95.36, they said.
OPEN MARKET RATES: The rupee followed the same trend in relation to the dollar, losing 20 paisa for buying and selling at 95.20 and 95.40, they said. The rupee extended its slide in terms of the euro, shedding 40 paisa for buying and selling at Rs 122.80 and Rs 123.40, they added. In the fourth Asian trade, the yen slid to two-week lows against the dollar after upbeat US data and as speculators grew wary in case the Bank of Japan surprises this week by easing policy. The euro held firm against the dollar as investors expected the European Central Bank to keep rates on hold, though uncertainty over Spain kept the currency hemmed in a familiar range.
The dollar was trading versus the Indian rupee at Rs 52.16, the greenback was at 3.0570 in terms of the Malaysian ringgit and the US currency was at 6.2842 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday. 81.40-81.55 (previous 81.48-81.54) Call Money Rates : 08.00-08.50 percent (previous 04.00-10.75 percent).
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Open Buying Rs 95.20
Open Selling Rs.95.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.95.32
Offer Rate Rs.95.36
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RUPEE IN LAHORE: The Pak rupee remained under pressure and was further depreciated by 20 paisa on buying side and five paisa on selling side in relation to the greenback on the local currency market on Thursday. According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 94.90 and Rs 95.20 as its buying and selling rates. As a result of fresh buying, the dollar was slide up and closed at Rs 95.10 and Rs 95.25, respectively.
Similarly, the rupee failed to maintain rising trend and was declined against the pound sterling. The pound's buying and selling rates were improved from the Wednesday closing of Rs 152.70 and Rs 153.30 to Rs 152.90 and Rs 153.40, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi on Thursday.
The dollar opened at Rs 94.50 (buying) and Rs 94.60 (selling) against overnight value of Rs 94.40 (buying) and Rs 94.50 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.40 (buying) and Rs 94.50 (selling).
Pound Sterling opened at Rs 151.90 (buying) and Rs 153 (selling) against last rate of Rs 150 (buying) and Rs 150.10 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 151.90 (buying) and Rs 153 (selling).
The buying and selling rates of Euro remained Rs 121.60 and Rs 122 respectively in both morning and evening sessions.
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