THE RUPEE: marginal fall

The rupee slid against the dollar in the process of trading, dealers said on the money market on Thursday. The rupee shed 10 paisas versus the dollar for buying and selling at Rs 106.10 and Rs 106.20, they added. The rupee also lost 80 paisas in relation to the euro for buying and selling at Rs 116.00 and Rs 117.00, they added.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee almost held the overnight levels against the dollar for buying and selling at Rs 104.93 and Rs 104.94, they said. In the fourth Asian trade, the Canadian dollar wallowed at a 12-year trough following another slide in oil prices, while sterling was pinned near a 5-1/2 year low ahead of the Bank of England's first policy review of the year.
Sentiment also soured for the greenback, which retreated from a one-week high against a basket of major currencies as US stocks sank to fresh three-month lows. The dollar index last stood at 98.901, having been as high as 99.333. Against the yen, the greenback bought 117.63, down from 118.38. The euro rebounded to $1.0882, from $1.0805.
The dollar was trading against the Indian rupee at Rs 67.11, the greenback was at 4.3910 in terms of the Malaysian ringgit and the US currency was at 6.5893 against the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday. 78.50-78.50 (previous 78.50-78.50).

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Open Bid       Rs.106.10

Open Offer     Rs.106.30

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

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Bid Rate       Rs.104.93

Offer Rate     Rs.104.94

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RUPEE IN LAHORE: The rupee managed to improve against the dollar on the money market on Thursday.
The dollar opened at its overnight closing of Rs 106.10 and Rs 106.35 as buying and selling though never see any change in its buying rate that remained unchanged. The selling rate declined to Rs 106.30.
The rupee appreciated its worth against the pound sterling which was traded at Rs 153.50 and Rs 154.50 on the buying and selling counters as compared with the Wednesday closing of Rs 154.60 and Rs 155.30.
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).
Copyright Business Recorder, 2016