The rupee moved both ways against the dollar on the money market during the week, ended on Mar 5, 2016. In the interbank market, the rupee shed eight paisas versus the dollar for buying and selling at Rs 104.76 and Rs 104.77.
In the open market, the rupee gained 20 paisas in relation to the dollar for buying and selling at Rs 105.90 and Rs 106.10. While, the rupee did not move against the euro for buying and selling at Rs 115.50 and Rs 116.50.
Currency viewers said that the rupee moved cautiously against the dollar due to strong demand for dollars. There was no panic buying of dollars but demand was there, they said.
Increase in country's foreign exchange reserves is playing a role in easy supply of dollars, it is most likely that the rupee may move slightly in the short run, they added.
According to the State Bank of Pakistan (SBP), report country's foreign exchange reserves stood at 20.35 billion dollars.
INTERBANK MARKET RATES: On Monday, the rupee lost eight paisas versus the dollar for buying and selling at Rs 104.68 and Rs 104.70. On Tuesday, the rupee lost eight paisas versus the dollar for buying and selling at Rs 104.75 and Rs 104.79.
On Wednesday, the rupee inched up by three paisas versus the dollar for buying and selling at Rs 104.73 and Rs 104.76. On Thursday, the rupee depreciated by six paisas versus the dollar for buying and selling at Rs 104.79 and Rs 104.81.
On Friday, the rupee, somehow, managed to recover three paisas versus the dollar for buying and selling at Rs 104.76 and Rs 104.77.
OPEN MARKET RATES: On February 29, the rupee managed to retain week-end levels versus the dollar for buying and selling at Rs 106.10 and Rs 106.30, they said. While, the rupee appreciated by 50 paisas in terms of the euro for buying and selling at Rs 115.50 and Rs 116.50.
On 1st March, the rupee retained it's overnight levels versus the dollar for buying and selling at Rs 106.10 and Rs 106.30. The rupee picked up 30 paisas in terms of the euro for buying and selling at Rs 115.20 and Rs 116.20. On March 2nd, the rupee retained it's overnight levels versus the dollar for buying and selling at Rs 106.10 and Rs 106.30, they said. The rupee stayed put in terms of the euro for buying and selling at Rs 115.20 and Rs 116.20.
On Mar 3rd, the rupee did not show any change in relation to the dollar for buying and selling at Rs 106.10 and Rs 106.30. The rupee gained 20 paisas against the euro for buying and selling at Rs 115.00 and Rs 116.00.
On Mar 4th, the rupee also picked up 10 paisas in relation to the dollar for buying and selling at Rs 106.00 and Rs 106.20. The rupee, however, lost 80 paisas against the euro for buying and selling at Rs 115.80 and Rs 116.80. On Mar 5th, the rupee extended overnight gains by picking up 10 paisas more in relation to the dollar for buying and selling at Rs 105.90 and Rs 106.10. The rupee also gained 30 paisas against the euro for buying and selling at Rs 115.50 and Rs 116.50.
OVERSEAS OUTLOOK FOR DOLALR: In the first Asian trade, the yen rebounded sharply against the dollar, retracing its earlier fall on upbeat US data, as a slide in equities put the "flight to safety" Japanese currency in favour.
The reaction of currencies to the G20 policymakers' meeting at the weekend was limited as the gathering produced no major surprises. Asian stocks, meanwhile, fell broadly as the G20 meeting ended without a new co-ordinated plan to spur global growth.
The dollar was trading against the Indian rupee at Rs 68.72, the greenback was at 4.2170 in terms of the Malaysian ringgit and the US currency was available at 6.5475 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday. 78.45-78.45 (previous 78.45-78.45).
In the second Asian trade, the yen was broadly firmer after soft economic data weighed on the euro and dollar and as lingering nervousness over the health of the global economy favoured the safe-haven Japanese currency.
The euro fell as far as 122.085, reaching a low not seen since April 2013. The dollar lost 0.2 percent to 112.44 yen. The greenback had soared to 114.00 late last week thanks to upbeat US data. But it was dragged down on Monday after weak home sales and Chicago Purchasing Manager Index numbers tempered enthusiasm towards the world's largest economy.
The dollar was trading against the Indian rupee at Rs 68.21, the greenback was at 4.1800 in terms of the Malaysian ringgit and the US currency was at 6.5413 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday. 78.45-78.45 (previous 78.45-78.45).
In the third Asian trade, the dollar was steady against a basket of currencies, not far from the previous session's one-month high touched after brighter economic data rekindled expectations that the US Federal Reserve could raise interest rates this year.
The greenback was available against the Indian rupee at Rs 67.63, the dollar was at 4.1560 in terms of the Malaysian ringgit and the US currency as at 6.5508 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday. 78.45-78.45 (previous 78.45-78.45). In the forth Asian trade, the dollar gained on the eve of a US jobs report that some investors hope will boost expectations that the Federal Reserve remains on track to hike US interest rates this year.
The dollar was trading against the Indian rupee at Rs 67.39, the greenback was at 4.1310 versus the Malaysian ringgit and the US currency was available at 6.5437 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday. 78.45-78.45 (previous 78.45-78.45).
In the final Asian trade, the dollar was on the defensive against its peers after soft data dampened expectations the Federal Reserve would hike interest rates soon, looking to US non-farm payrolls later in the session for possible relief. The euro was flat at $1.0950 after surging 0.8 percent overnight.
The dollar was trading against the Indian rupee at Rs 67.34, the greenback was at 4.1400 versus the Malaysian ringgit and the US currency was available at 6.5305 in terms of Chinese yuan.
At the weekend, the US dollar fell, hitting one-week lows against the euro after a drop in US wages in February overshadowed strong jobs growth and supported views that the Federal Reserve was in no hurry to hike interest rates.
Average hourly earnings fell 3 cents in February, data from the Labour Department showed. Analysts said traders were fixated on that drop even as non-farm payrolls increased by 242,000 jobs last month.
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