The rupee recovered modestly against the dollar on the local money market on Thursday in the process of trading, dealers said. The rupee managed to recover four-paisa in terms of the dollar for buying and selling at Rs 101.79 and Rs 101.80 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee sustained last levels against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively, however it shed 25-paisa versus the euro for buying and selling at Rs 111.50 and Rs 112.50 respectively, they said.
In the fourth Asian trade, the dollar inched lower against a basket of currencies while staying near a more than three-month high, after US data provided more evidence that the US Federal Reserve could hike interest rates as early as next month. The dollar index, which tracks the greenback against a basket of six major rivals, was down about 0.2 percent on the day at 97.799, but remained in sight of the previous session's high of 98.218, its strongest level since April 23.
The dollar was trading against the Indian rupee at Rs 63.77, the greenback was at 3.8920 versus the Malaysian ringgit and the US currency was available at 6.209 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).
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Bid Rs 102.80
Offer Rs 103.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rs 101.79
Offer Rs 101.80
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RUPEE IN LAHORE: The rupee-dollar parity stayed unchanged amid a sluggish trading trend on the local currency market on Thursday.
The dollar resumed trading at its overnight closing of Rs 103.00 and Rs 103.30 on buying and selling side, respectively but never witnessed any change in its demand and supply situation ending its rate at its opening level, the dealers said.
The rupee remained weak and marginally declined against the pound sterling which was traded at Rs 159.25 and Rs 159.75 on buying and selling counter compared with the Wednesday closing of Rs 159.20 and Rs 159.70, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 102 (buying) and Rs 102.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 102 (buying) and Rs 102.20 (selling).
Pound Sterling opened at Rs 157 (buying) and Rs 157.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 157 (buying) and Rs 157.50 (selling).
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