The rupee managed to recover modestly in relation to the dollar on Thursday amid post-mini budged 2019 session, dealers said. The rupee picked up seven paisas versus the dollar for buying and selling at Rs 138.86 and Rs 138.88 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same pattern on the kerb market as it also posted 20 paisas gains in terms of the dollar for buying and selling at Rs 138.80 and Rs 139.30 respectively, they said. The rupee also appreciated by the same amount against the euro for buying and selling at Rs 157.30 and Rs 158.80 respectively, they said.
In the fourth Asian trade, the dollar eased against its peers on Thursday, as concerns over global growth, a US government shutdown and US-Sino trade talks kept
The Aussie dollar was 0.2 percent higher at $0.7156 supported by solid jobs data while kiwi dollar gained 0.1 percent to $0.6793.
The partial US government shutdown, now in its 34th day has hurt investor sentiment. US Republican Senate Majority Leader Mitch McConnell said he planned to hold a vote on Thursday on a Democratic proposal that would fund the government for three weeks.
Global growth concerns have also rattled investor appetite for risk. In Asian trading, the yen was marginally higher at 109.54, after weakening 0.2 percent versus the greenback in the previous session.
On Wednesday, the Bank of Japan kept its policy unchanged. The BOJ cut its inflation forecasts and warned of growing risks to the economy from trade protectionism and slowing global demand.
The dollar index, a gauge of its value versus six major peers was marginally lower at 96.10.
The dollar was trading against the Indian rupee at Rs 71.270, the greenback was at 4.136 in terms of the Malaysian ringgit and the US currency was at 6.786 versus the Chinese yuan.
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Open Bid Rs.138.80
Open Offer Rs.139.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.138.86
Offer Rate Rs.138.88
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RUPEE IN LAHORE: The Pak rupee depreciated its worth on buying side while it stayed unchanged on selling side in relation to the greenback in the local currency market on Thursday.
According to currency dealers, the greenback gained 50 paisas and ended for buying at Rs 138.70 against overnight closing rate of Rs 139.20 whereas it firmly sustained its opening trend for selling at Rs 139.80.
Moreover, the national currency moved both ways versus the pound sterling which was bought and sold at Rs 179.60 and Rs 181.20 against the Wednesday's closing rates of Rs 179.80 and Rs 181.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 5 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 139.30(buying) and Rs 139.40(selling) against last rate of Rs 139.25 (buying) and Rs 139.35(selling). It closed at Rs 139.30(buying) and Rs 139.40(selling).
The buying and selling rates of one tola of gold was Rs 67,800 (selling) and Rs 67,5000 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.
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