Further improvement was seen in the value of the rupee versus the dollar on the money market on Thursday in the process of trading, dealers said. The rupee was unmoved in terms of the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively, they said.
INTER-BANK MARKET RATES: In the fourth Asian trade, the US dollar was on the defensive after the minutes from the Federal Reserve's last policy meeting showed policymakers were increasingly wary of recent softness in inflation and could delay a rate hike.
The readout of the July 25-26 meeting showed some members called for halting interest rate hikes until it was clear the inflation trend was transitory, but it also indicated the Fed was poised to begin reducing its $4.2 trillion portfolio of bonds.
The dollar also stepped back to 109.84 yen, down 0.3 percent from late US trade and down more than a full yen from Wednesday's high of 110.95. The dollar's index against a basket of six major currencies slipped to 93.39 from Wednesday's three-week high of 94.145.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 80.70-80.70 (previous 80.70-80.70).
OPEN MARKET RATES: The rupee picked up 10 paisas in relation to the dollar for buying and selling at Rs 106.50 and Rs 106.70 respectively, they said.
The rupee also gained 25 paisas in terms of the euro for buying and selling at Rs 123.75 and Rs 125.25 respectively, they said.
========================
Open Bid Rs.106.50
Open Offer Rs.106.70
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
========================
Bid Rate Rs.105.39
Offer Rate Rs.105.40
========================
RUPEE IN LAHORE: The rupee-dollar parity stayed unchanged amidst sluggish trend in the local currency market on Thursday.
The demand and supply situation of the US dollar remained intact throughout the trading session that kept the local currency stabilize. Consequently, no change in its value took place on buying and selling side as it maintained its opening trend of Rs 106.40 and Rs 106.70 respectively, local currency dealers said.
The national currency, however, showed strength as it appreciated against the pound sterling. The pound's buying and selling rates drifted from Wednesday's closing rates of Rs 136.00 and Rs 136.80 to Rs 135.70 and Rs 136.70 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against same last rate. It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.
Comments
Comments are closed.