The rupee recovered modestly against dollar and euro on the currency market on Thursday in process low trading activity due to disturbed law and order situation in the city, dealers said. The rupee managed to gain versus dollar by eight paisa for buying and selling at 90.68 and 90.70, they said.
INTERBANK MARKET: OPEN MARKET RATES: The rupee also moved up slightly in terms of the greenback, rising five paisa for buying and selling at 90.95 and 91.15, they said. The rupee went up in relation to euro, too, gaining 55 paisa for buying at Rs 119.95 and it rose by Rs 1.05 to Rs 120.45, they said.
In the fourth Asian trade, yen was a shade stronger across the board on Thursday but could come under renewed pressure as buying linked to Japan's financial year-end is set to peak out this week.
The last day for spot trading in the business year to March 31 was on Wednesday, but real-money flows from Tokyo still kept main currencies under pressure against the Japanese unit, with exporters spotted selling the dollar in large amounts. The dollar versus the Indian rupee was available at Rs 51.18, in terms of the Malaysian ringgit the greenback was at 3.0681 and it was trading at 6.308 in relation to the Chinese yuan. Inter bank buy/sell rates for taka against dollar on Thursday: 81.75-81.83 (previous 81.76-81.83). Call Money Rates: 11.00-12.00 percent (previous 07.00-12.50 percent.
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Open Buying Rs 90.68
Open Selling Rs 90.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs 90.95
Selling Rs 91.15
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RUPEE IN LAHORE: The Pak rupee maintained downward trend and further declined by five-paisa against the US dollar in the local currency market on Thursday.
According to the currency dealers, the dollar commenced trading at its overnight closing of Rs 91.05 and at Rs 91.25, as its buying and selling rates, respectively. The dollar witnessed fresh demand that helped its improvement in the open market. At the end of the day's trading, dollar closed at Rs 91.10 and Rs 91.30 on buying and selling side, respectively.
However, the rupee showed stability and remained unchanged on buying side while it was improved on the selling side in relation to the pound sterling. The pound was traded at Rs 143.50 and Rs 144.20 as compared to Wednesday's closing of Rs 143.50 and Rs 144.50, respectively, the dealers said.
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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