The dollar managed to recover further versus the rupee on the money market on Thursday in the process of trading, dealers said. The rupee maintained its levels for the third day in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72 respectively, they said.
INTERBANK MARKET RATES: In the fourth Asian trade, the dollar rose to its highest level against the yen since late July on Thursday in early Asian trade, buoyed by a rise in US Treasury yields following Republican candidate Donald Trump's victory in the presidential election.
Prices fell on benchmark 10-year Treasury notes and 30-year bonds, pushing yields to their highest levels in 10 months on Wednesday. The dollar was up 0.2 percent at 105.83 after rising as high as 105.895, the highest since July 27.
The dollar was trading against the Indian rupee at Rs 66.35, the greenback was available at 4.2490 and the US currency was at 6.7918 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 78.49-78.50 (previous 78.47-78.49).
OPEN MARKET RATES: The rupee shed 10 paisas more in terms of the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, they said. The rupee however, gained Rs 1.50 in relation to the euro for buying and selling at Rs 115.25 and Rs 116.75 respectively, they said.
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Open Bid Rs.105.90
Open Offer Rs.106.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.104.70
Offer Rate Rs.104.72
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RUPEE IN LAHORE: The Pakistani rupee failed to hold its strength as it registered reduction in its worth against the major currencies including the American dollar and British pound in the local currency market on Thursday.
According to currency dealers, the US dollar commenced trading on a positive note and kept moving up during the day's trading session. At the close, the dollar ended higher at Rs 106.00 and Rs 106.20 on buying and selling sides, respectively, as compared to Wednesday's closing of Rs 105.90 and Rs 106.10, respectively, they said.
Versus the pound sterling, the local currency also followed the same suit. The pound's buying and selling rates drifted up from the overnight closing of Rs 130.60 and Rs 131.70 to Rs 130.80 and Rs 131.80, respectively, the dealers 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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