Marginal changes were seen on the currency market on Thursday as the rupee moved slowly versus the dollar during the session, dealers said. The rupee gained one paisa in relation to the greenback for buying at 90.70 while it did not show any change for selling at 90.73, they said.
INTER-BANK MARKET: OPEN MARKET RATES: The rupee gave up five paisa in terms of the dollar for buying and selling at 91.10 and 91.30, they said. While the rupee depreciated by 30 paisa in relation to the euro for buying and selling at Rs 119.30 and Rs 120.30, they said.
In the fourth Asian trade, the yen inched lower after commodity currencies briefly shot up on hopes China will soon ease policy, and as flows from Japanese importers and 'toushin' investment trusts pressured it against the US dollar, traders said. The euro is set to come under fresh pressure and test its long-standing support at $1.30 later in the session as Spain tests investors' confidence in its debt-ridden economy when it tries to sell new two- and 10-year bonds.
Spot yuan ended at 6.3039 per dollar, 11 points weaker than Wednesday's close, after the central bank set a midpoint of 6.3004, 56 pips weaker than Wednesday's fix. The Indian rupee closed at 52.14/52.15 to the dollar, close to the intraday low of 52.165, a level last seen Jan 10. It had closed at 51.78/79 on Monday. Inter bank buy/sell rates for the taka against the dollar on Thursday. 81.82-81.83 (previous 81.80-81.82) Call Money Rates: 14.50-15.00 percent (previous 08.00-15.00 percent).
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Open Buying Rs.91.10
Open Selling Rs.91.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs.90.70
Selling Rs.90.73
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RUPEE IN LAHORE: The rupee showed stability and remained unchanged on buying side while it was marginally improved by five-paisa on selling side in relation to the greenback in the local currency market on Thursday.
According to the currency dealers, the dollar commenced trading at its Wednesday closing of Rs 91.2 and Rs 91.4 as its buying and selling rates, respectively. The dollar witnessed no visible change in its value during the day's trading. However, at the end of trading, it was closed at Rs 91.2 and Rs 91.35 on buying and selling sides, respectively.
The rupee maintained downward slide and was further depreciated against the pound sterling. The pound's buying and selling rates were improved from the day earlier closing of Rs 144.5 and Rs 145.5 to Rs 145.2 and Rs 145.8, 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 resumed trading at Rs 91 (buying) and Rs 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 second session and closed at Rs 142 (buying) and Rs 142.50 (selling).
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