The rupee slid against the dollar on the money market on Thursday in the process of trading activity, dealers said. The rupee moved within the band of Rs 115.60 and Rs 115.62 respectively, the said. In the fourth Asian trade, the dollar edged up against the yen on Thursday, but its gains were thin as concerns over possible Western military action against Syria lent support to the safe-haven Japanese currency.
INTER-BANK MARKET RATES: The tensions shifted some focus away from the US-China trade standoff, with the dollar inching up 0.1 percent to 106.88 yen after losing 0.4 percent on Wednesday. The yen often draws demand in times of market turmoil and political tension.
The dollar was trading against the Indian rupee at Rs 65.380, the greenback was at 3.875 versus the Malaysian ringgit and the US currency was at 6.279 in relation to the Chinese yuan.
OPEN MARKET RATES: The rupee dropped by 20 paisas in relation to the greenback for buying and selling at Rs 116.30 and Rs 116.70 respectively, however, it gained 60 paisas versus the euro for buying and selling at Rs 142.60 and Rs 144.40 respectively, they said.
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Open Bid Rs.116.30
Open Offer Rs.116.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.115.60
Offer Rate Rs.115.62
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RUPEE IN LAHORE: The Pak rupee registered reduction versus the major foreign currencies including the greenback and British pound in the local currency market on Thursday.
According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 116.50 and Rs 116.70 as compared to the overnight closing of Rs 116.30 and Rs 116.70 respectively.
Likewise, the local currency also followed the same suit and remained under pressure for the second consecutive day against the pound sterling. Consequently, the pound's buying and selling rates further rose from Wednesday's closing of Rs 163.50 and Rs 164.50 to Rs 163.80 and Rs 164.60 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 116.70 (buying) and Rs 116.80 (buying) against same last rate. It closed at Rs 116.70 (buying) and Rs 116.80 (buying).
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