The rupee gave up overnight gains against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee lost 23-paisa against the dollar for buying and selling at Rs 104.05 and Rs 104.10 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The national currency also drifted lower versus the dollar for buying and selling at Rs 105.60 and Rs 105.90 respectively. It also fell sharply in terms of the euro, losing one rupee for buying and selling at Rs 115.25 and Rs 116.50 respectively, they added.
In the forth Asian trade, the euro held on to solid gains and stayed above the $1.10 big figure after comments from a central banker suggested markets had been expecting too much stimulus from the European Central Bank.
The common currency last stood at $1.1021, having scaled a one-month peak of $1.1044. The move extended last week's 2.8 percent short-covering rally after the ECB fell well short of delivering the aggressive easing that markets expected.
Responding to accusations of miscommunication, Governing Council member Ewald Nowotny on Wednesday said it was market analysts that failed to assess properly signals the ECB was sending and they should have paid more attention to economic fundamentals.
The dollar was trading against the Indian rupee at Rs 66.81, the greenback was at 4.2600 in terms of the Malaysian ringgit and the US currency was at 6.4388 versus the Chinese Yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.90-78.95 (previous 78.94-78.95).
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Open Bid Rs.105.60
Open Offer Rs.105.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.104.05
Offer Rate Rs.104.10
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RUPEE IN LAHORE: The rupee remained under pressure against the dollar and the pound sterling in the local currency market, on Thursday.
But the dollar did keep rising following buyers' interest and later ended further higher at Rs 105.80 and Rs 106.50 as its buying and selling rates against the day earlier closing of Rs 105.25 and Rs 106.00.
The rupee too went weak against the pound sterling that was traded at Rs 159.30 and Rs 160.30 as compared with the Wednesday closing of Rs 157.50 and Rs 158.50.
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 same last rate. 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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