The rupee moved both ways against the dollar on the money market on Thursday, dealers said. The rupee was down by five paisas versus the dollar for buying and selling at Rs 104.82 and Rs 104.84 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee was unchanged in relation to the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, while it was also unmoved in terms of the euro for buying and selling at Rs 115.30 and 116.80 respectively, they added.
In the fourth Asian trade, most emerging Asian currencies fell on Thursday as China's yuan hit a six-year low in offshore markets, with the dollar just shy of this week's nine-month peak amid solid expectations of a US interest rate hike in December.
The offshore renminbi touched 6.7921 per dollar, its weakest since October 2010, while spot yuan in the onshore market eased after the People's Bank of China set its daily guidance rate weaker than the previous session. The dollar was trading against the Indian rupee at Rs 66.89, the greenback was available at 4.1830 versus the Malaysian ringgit and US currency was at 6.7775 versus the Chinese yuan.
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Bid Rate Rs.105.80
Offer Rate Rs.106.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.104.82
Offer Rate Rs.104.84
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RUPEE IN LAHORE: The rupee appreciated its worth on buying side while it remained under pressure on selling side in relation to the US dollar on the local currency market on Thursday.
The trading activity of the US dollar resumed against its overnight closing of Rs 106.00 and Rs 106.25 as its buying and selling rates, respectively. In the absence of buyers' interest, the dollar ended at Rs 105.90 on buying counter. However, it further climbed up to Rs 106.20 on selling counter, local currency dealers said.
Moreover, the rupee failed to hold its strength and depreciated by 10-paisa versus the pound sterling. The pound's buying and selling rates went up from the Wednesday's closing of Rs 128.70 and Rs 129.40 to Rs 128.80 and Rs 129.50, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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