THE RUPEE: firmer trend

Firmer trend prevailed on the money market on Thursday as the rupee sustained it's overnight levels against the dollar in the process of trading, dealers said. The rupee was unmoved in terms of the dollar for buying and selling at Rs 104.38 and Rs 104.40, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also maintained last levels versus the dollar for buying and selling at Rs 104.30 and Rs 104.50, they said. The rupee, however, shed 75 paisa in terms of the euro for buying and selling at Rs 116.10 and Rs 117.75, they added.
In the forth Asian trade, The dollar was under pressure in Asian trading, after weak US inflation data led investors to pare bets that the Federal Reserve will raise interest rates later in the day. The outcome of the two-day Fed meeting continued to grip investors' attention, particularly after a surprising 0.1 percent decline in US consumer prices in August.
The dollar was trading against the Indian rupee at Rs 66.46, the greenback was at 4.2500 in terms of the Malaysian ringgit and the US currency was at 6.3669 in relation to the Chinese yuabn. Interbank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-06.50 percent ( Previous 05.25-06.50 percent).

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Open Bid       Rs.104.30

Open Offer     Rs.104.50

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

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Bid Rate       Rs.104.38

Offer Rate     Rs.104.40

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RUPEE IN LAHORE: The local currency further improved its worth against the dollar and the pound sterling at the open currency markets of Lahore on Thursday.
Currency dealers said the dollar resumed trading at Rs. 104.35 and Rs. 104.55 on the buying and selling counters, respectively, as against Rs. 104.45 and Rs. 104.75 on Wednesday. In the wake of sufficient dollar supply and relatively low demand at the local kerb, it closed a bit higher against previous day.
Moreover, the pound sterling was purchased and sold at Rs. 160.30 and Rs. 160.80 as against Rs. 159.10 and Rs. 159.60, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling). Pound Sterling opened at Rs 161 (buying) and Rs 161.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 161 (buying) and Rs 161.50 (selling).
Copyright Business Recorder, 2015