A kind of firmness prevailed on the money market on Thursday as the rupee held overnight levels against the dollar in the process of trading activity, dealers said. The rupee did not budge any side in relation to the dollar for buying and selling at Rs 141.39 and Rs 141.40 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee was unmoved versus the dollar for buying and selling at Rs 141.50 and Rs 142.00 respectively, they said. The rupee gained 60 paisas against the euro for buying and selling at Rs 159.00 and Rs 160.60 respectively, they said.
In the fourth Asian trade, the euro was buoyant on Thursday after more evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with a further boost.
The euro was a shade higher at $1.1298, having eked out a gain of 0.1 percent the previous day. The single currency has steadily recovered from a recent low of $1.1183 plumbed at the start of April.
The euro was lifted after data on Wednesday showed China's economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production surged and consumer demand showed signs of improvement.
The dollar index against a basket of six major currencies was flat at 97.015 after dipping 0.05 percent the previous day.
The US currency was steady at 112.035 yen after briefly touching a four-month peak of 112.17 on Wednesday amid a bounce in US Treasury yields to a one-month high.
The dollar was trading against the Indian rupee at Rs 69.405, the greenback was at 4.142 versus the Malaysian ringgit and the US currency was available at 6.692 in relation to the Chinese yuan.
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Open Bid Rs.141.50
Open Offer Rs.142.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.141.39
Offer Rate Rs.141.40
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RUPEE IN LAHORE: The Pak rupee depreciated its worth against the dollar in the local currency market on Thursday.
According to currency dealers, the short supply phenomenon of the US dollar prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 142.05 and Rs 142.40 against the opening trend of Rs 141.60 and Rs 142.20 respectively.
Furthermore, the local currency recovered 70 paisas and ended against the pound sterling for buying at Rs 183.30 whereas it firmly sustained its opening rate for selling at Rs 185.00, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The Pak rupee depreciated its worth against the dollar in the local currency market on Thursday.
According to currency dealers, the short supply phenomenon of the US dollar prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 142.05 and Rs 142.40 against the opening trend of Rs 141.60 and Rs 142.20 respectively.
Furthermore, the local currency recovered 70 paisas and ended against the pound sterling for buying at Rs 183.30 whereas it firmly sustained its opening rate for selling at Rs 185.00, they added.
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