The rupee recovered with modest gains against the dollar on the money market on Thursday, dealers said. The rupee picked up 10-paisa in relation to the dollar for buying and selling at Rs 100.44 and Rs 100.47 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same trend in terms of the dollar, rising by 25-paisa for buying and selling at Rs 100.55 and Rs 100.75 respectively. The rupee also appreciated by Rs 1.75 against the euro for buying and selling at Rs 123.75 and Rs 124.00 respectively, they said.
In the fourth Asian trade, the dollar took the upper hand after the Federal Reserve signalled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the US economy. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, guidance which it said is consistent with its previous statement that rates will be low "for a considerable time."
The dollar was trading against the Indian rupee at Rs 63.22, the greenback was available at 3.4645 in terms of the Malaysian ringgit and the US currency was at 6.2163 versus Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.88-77.90 (previous 77.88-77.88). Call Money Rates: 06.50-08.75 percent (Previous 06.25-08.50 percent) (revised).
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Open Bid Rs.100.55
Open Offer Rs.100.75
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.100.44
Offer Rate Rs.100.47
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid sluggish trading trend on the local currency market on Thursday.
According to the currency dealers, the dollar commenced trading at its previous closing of Rs 100.75 and Rs 101.00 as its buying and selling rate, respectively. The dollar did not observe any change in its rate and was ended at the opening level, the dealers said.
However, the rupee showed strength and was improved against the pound sterling. The pound's buying and selling rates were declined from Tuesday closing of Rs 157.25 and Rs 157.50 to Rs 157.00 and Rs 157.25, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).
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