Marginal changes were seen on the currency market on Thursday in process of trading, dealers said. The rupee shed one paisa in relation to the US currency for buying at 90.81, however, it inched up by two paisa for selling at 90.83, experts said.
INTERBANK MARKET: OPEN MARKET RATES: The rupee retained its overnight level in terms of dollar for buying and selling at 90.90 and 91.10, they said. In relation to the euro, the rupee extended its fall, losing further 65 paisa for buying at Rs 120.60 and lost Rs 1.15 for selling at Rs 121.60, they said. In the fourth Asian trade dollar dipped against yen, inching away from a seven-month high hit the previous day, after profit-taking and selling by Japanese exporters.
The greenback took a breather from its recent rally against yen, having climbed 5.3 percent in February. Interbank buy/sell rates for taka against dollar on Thursday: 81.50-81.80 (previous 81.69-81.75) Call Money Rates: 12.00-20.00 percent (previous 09.50-20.00 percent). The yuan closed down slightly against dollar after the People's Bank of China let the mid-point return to the 6.30 level, guiding the yuan's movements within a tight range. Spot yuan closed at 6.2985 against dollar versus Wednesday's close of 6.2960 after the central bank fixed the mid-point slightly weaker at 6.3031 compared with 6.2988 previously. The yuan has risen 8.35 percent since its June 2010 de-peg.
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Open Buying Rs 90.90
Open Selling Rs 91.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs 90.81
Selling Rs 90.83
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RUPEE IN LAHORE: The Pak rupee maintained upward slide and is further appreciated by 25-paisa on buying side and 15-paisa on selling side in relation to greenback in the local currency market on Thursday. According to the currency dealers, the dollar commenced trading at its overnight closing of Rs 91.00 and Rs 91.20 as its buying and selling rates, respectively. However, due to lacking buying support, the dollar could not sustain and was declined to Rs 90.80 and Rs 91.10 on the buying and selling sides, respectively.
However, the rupee-pound sterling parity remained unchanged amid sluggish trading trend in the open market. The pound was traded at its day earlier closing of Rs 142.00 and Rs 143.00 on buying and selling counters, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 91 (buying) and Rs 91.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 91 (buying) and Rs 91.20 (selling).
Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).
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