The rupee moved both ways in relation to the dollar on the money market on Thursday in the process of trading, dealers said. The rupee managed to hold overnight levels versus the US currency for buying and selling at Rs 124.24 and Rs 124.25 respectively, they added.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee shed 20 paisas in terms of the dollar for buying Rs 124.20, the local currency, however, gained 40 paisas for selling at Rs 124.60, they said. The rupee continued decline in relation to the euro, sliding 80 paisas for buying and selling at Rs 143.80 and Rs 145.80 respectively, they said.
In the fourth Asian trade, the dollar sagged on Thursday as the pound led a bounce in European currencies, although skittish emerging market currencies and global trade concerns limited the greenback's losses.
"The dollar continues to face residual pressure from the buoyant pound amid the latest speculation over Brexit. How long this lift could last remains to be seen, but it is prompting buy backs of other European currencies like the euro and Swiss franc for now," said Takuya Kanda, general manager at Gaitame.com Research.
The dollar index against a basket of six major currencies stood at 95.009, down 0.2 percent. It shed nearly 0.3 percent overnight, nudging away from a two-week high.
The dollar was trading against the Indian rupee at Rs 71.895, the greenback was at 4.146 in terms of the Malaysian ringgit and the US currency was available at 6.837 versus the Chinese yuan.
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Open Bid Rs.124.20
Open Offer Rs.124.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.124.24
Offer Rate Rs.124.25
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RUPEE IN LAHORE: The Pak rupee stayed unchanged on buying side while it recovered on selling side in relation to the greenback in the local currency market on Thursday.
According to currency dealers, the greenback did not observe any change as it firmly maintained its opening trend for buying at Rs 124.10 whereas it depreciated by 20 paisas for selling at Rs 124.80 against overnight closing rate of Rs 125.00.
Moreover, the national currency failed to hold its earlier recoveries versus the pound sterling. The pound's buying and selling rates slid from Wednesday's closing of Rs 158.00 and Rs 159.00 to Rs 159.15 and Rs 160.40 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained Rs1 against the rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 124.50 (buying) and Rs 124.60 (selling) against last rate of Rs 123.50 (buying) and Rs 123.60 (selling). It closed at Rs 124.50 (buying) and Rs 124.60 (selling).
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