THE RUPEE: all-round declines

The rupee fell modestly against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee shed three-paisa versus the dollar for buying and selling at Rs 101.93 and Rs 101.95 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also dropped by 10-paisa in relation to the dollar for buying and selling at Rs 102.90 and Rs 103.10 respectively, and it also slipped by 25-paisa versus the euro for buying and selling at Rs 114.50 and Rs 114.75 respectively, they added.
In the fourth Asian trade, the dollar stepped back in Asian trade on Thursday but held close to a two-week peak against a basket of major currencies as investors focused on the pace of the US Federal Reserve's coming interest rate hikes.
Minutes from the Federal Reserve's April meeting contained no major surprises, doing little to change expectations that the Fed will probably wait until late this year before raising rates.
The dollar was trading against the Indian rupee at Rs 63.74, the greenback was at 3.6025 versus the Malaysian ringgit and the US currency was available at 6.2021. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-7.25 percent (Previous 05.25-07.50 percent).

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Open Bid       Rs 102.90

Open Offer     Rs.103.10

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.

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Bid Rate       Rs.101.93

Offer Rate     Rs.101.95

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RUPEE IN LAHORE: The rupee failed to slide and remained under pressure against the dollar on Thursday. The rupee lost five paisas against the dollar for buying and selling at Rs 103.00 and Rs 103.25 against the overnight closing of Rs 102.95 and Rs 103.20, respectively. The national currency remained weak and depreciated its worth against the pound sterling whose buying and selling rates improved from the Wednesday closing of Rs 158.50 and Rs 158.75 to Rs 159.50 and Rs 159.75, respectively.
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 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling). Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).
Copyright Business Recorder, 2015