Strong demand for dollars, pushed the rupee down on the local currency market on Thursday in process of trading, dealers said.
INTERBANK MARKET: The rupee inched down versus dollar, losing one paisa for buying and selling at 90.78 and 90.80, they said.
OPEN MARKET RATES: The rupee followed same trend against dollar as it shed 15 paisa for buying at 91.05 and dropped by five paisa for selling at 91.15, they said. The rupee, however, gained 30 paisa in terms of euro for buying and selling at Rs 119.00 and 120.00, they said.
In the fourth Asian trading Australian dollar dropped to a two-month low on Thursday after data showed China's manufacturing activity shrank in March for a fifth straight month, underscoring concerns about growth slowing in the world's second largest economy.
After HSBC flash PMI showed the overall rate of contraction deepening and new orders sinking to a four-month low, the Aussie fell 0.7 percent to $1.0383, though it later recovered somewhat above key support levels to last fetch $1.0414.
The dollar was trading versus the Indian rupee at Rs 50.94, dollar was at 3.0770 in terms of the Malaysian ringgit and the US currency was at 6.3086 against the Chinese yuan. Interbank buy/sell rates for taka against dollar on Thursday: 81.78. 81.80 (previous 81.78-81.80). Call Money Rates: 11.00-12.00 percent (previous 07.00-12.50 percent).
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Open Buying Rs 91.05
Open Selling Rs.91.15
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs.90.78
Selling Rs.90.80
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RUPEE IN LAHORE: The Pak rupee maintained downward trend and lost 15-paisa in relation to the greenback in the local currency market on Thursday. According to the currency dealers, the dollar was opened on a positive sign and was ended higher on account of fresh buying. The dollar was closed at Rs 91.00 and Rs 91.25 as its buying and selling rate against the overnight closing of Rs 90.85 and Rs 91.10, respectively.
However, the rupee showed stability and stayed unchanged on buying side while it gained 10-paisa against the British pound. The pound was purchased and sold at Rs 143.00 and Rs 143.70 as compared to last day closing of Rs 143.00 and Rs 143.80, respectively, the dealers 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 91 (buying) and Rs 91.20 (selling) against same previous rate. It did not observe any 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 previous rate. 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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