A marginal recovery was witnessed in the value of the rupee against the dollar on the local currency market on Thursday, dealers said. The rupee inched up by two-paisa against the dollar for buying and selling at Rs 105.44 and 105.46 respectively, they said.
INTERBANK MARKET RATES: In the fourth Asian trade, the dollar was down against the euro and yen as the currency consolidated after a recent rally, while the Australian dollar soared on surprisingly strong local jobs data.
The dollar index dipped 0.2 percent to 98.827, drifting down from a 7-month peak of 99.504 set on Tuesday. The greenback was at 122.88 yen, off a 2-1/2 month high of 123.60 set earlier in the week. The euro was up 0.2 percent at $1.0763, having gone as low as $1.0674 this week - a level seen in late April. It was up 0.3 percent versus the yen at 132.25, pulling away from Friday's six-month trough of 131.45.
The dollar was at Rs 66.31 versus the Indian rupee, the greenback was available at 4.3695 in terms of the Malaysian ringgit and the US currency was at 6.366 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.46-78.48 (previous 78.40-78.41).
OPEN MARKET RATES: The rupee extended overnight gains in terms of the greenback, gaining 10-paisa in terms of the dollar for buying and selling at Rs 106.00 and Rs 106.20 respectively, they said. The rupee lost 75-paisa versus the euro for buying and selling at Rs 114.00 and Rs 115.00 respectively, they added.
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Open Bid Rs 106.00
Open Offer Rs.106.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.105.44
Offer Rate Rs.105.46
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RUPEE IN LAHORE: The Pak rupee remained under pressure in relation to the greenback on the local currency market on Thursday. According to the currency dealers, the dollar resumed trading on a healthy note and registered gain following fresh buying.
At close, the dollar ended higher at Rs 106.30 and Rs 106.70 on buying and selling side against Rs 106.20 and Rs 106.50 of Wednesday, respectively. Similarly, the rupee maintained downward slide and further declined against the pound sterling that was traded at Rs 161.10 and Rs 162.00 on buying and selling counter as compared with the day earlier closing of Rs 160.50 and Rs 161.00, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against overnight value of Rs 105 (buying) and Rs 105.20 (selling). It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling). Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
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