Persisting demand by importers, helped dollar to maintain its surge against the rupee on the money market on Thursday, marketmen said. The rupee lost three paisa versus dollar for buying at 90.00 and by two paisa for selling at 90.02, they said.
INTERBANK MARKET: OPEN MARKET RATES: The rupee also depreciated versus dollar, losing 10 paisa for buying and selling at 90.00 and 90.20, they said. Versus euro, the rupee gained sharply by Rs 1.12 for buying and selling at Rs 116.07 and Rs 116.57, they said.
Reuters adds: In the fourth Asian trade euro hit a 10-year low against yen, pressured by selling from Japanese retail investors and exporters, with moves amplified in poor year-end liquidity. Stop-loss selling in euro versus the yen added to the pressure against the single currency, which also dipped against dollar and hit its lowest level in nearly a year of $1.2887.
The euro extended its losses after sliding the previous day in thin year-end trading, and market players said the single currency is likely to stay vulnerable. "Nobody sees anything on the horizon that could be mildly positive for the euro," said Rob Ryan, FX strategist for BNP Paribas in Singapore.
The dollar was trading versus the Indian rupee at Rs 53.32, the greenback was at 3.1740 in relation to the Malaysian ringgit and it was at 6.3242 in relation to the Chinese yuan. Interbank buy/sell rates for taka against dollar on Thursday: 81.95-81.99 (previous 81.79-81.90) Call Money Rates: 20.00 percent (previous 14.00-22.00 percent.
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Open Buying Rs 90.00
Open Selling Rs.90.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Buying Rs.90.00
Selling Rs.90.02
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RUPEE IN LAHORE: The Pak rupee failed to maintain upward trend and registered a loss of 30-paisa on buying side and 20-paisa on selling side against the dollar in the local currency market on Thursday.
According to the currency dealers, the dollar witnessed fresh demand that helped its appreciation against the rupee. The dollar continued to rise and finally ended at Rs 89.90 and Rs 90.20 its buying and selling rate, as compared to overnight closing of Rs 89.60 and Rs 90.00, respectively.
On the contrary, the rupee maintained rising trend and further appreciated its worth against the British pound. The pound was purchased and sold at Rs 138.50 and Rs 139.50 against the Wednesday closing of Rs 139.50 and Rs 140.50, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 89.00 (buying) and Rs 89.20 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 89.00 (buying) and Rs 89.20 (selling).
Pound Sterling opened at Rs 138.00 (buying) and Rs 138.90 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 138.00 (buying) and Rs 138.90 (selling).
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