The rupee showed slight changes in relation to the dollar on the money market on Thursday in the process of trading, dealers said. The rupee moved little versus the dollar for buying and selling at Rs 138.90 and Rs 138.91 respectively, they said.
In the fourth Asian trade, the dollar took a breather on Thursday following its recent strong gains against key rivals, while sterling steadied after British Prime Minister Theresa May's government won a no-confidence vote in parliament.
The dollar index, which measures the greenback against six major peers, stood at 96.055 after gaining half a percent during the previous two sessions.
The US currency largely held onto its gains against the euro as persistent worries about the euro zone economy weigh on the single currency.
The dollar was trading a shade lower on the euro at $1.1399 after rising five straight sessions against the single currency, during which it gained about 1.5 percent.
The dollar was trading against the Indian rupee at Rs 71.275, the greenback was at 4.111 versus the Malaysian ringgit and the US currency was available at 6.767 in terms of the Chinese yuan.
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Open Bid Rs.138.80
Open Offer Rs.139.30
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Bid Rate Rs.138.90
Offer Rate Rs.138.91
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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 138.80 and Rs 139.80 against the previous closing trend of Rs 138.40 and Rs 139.50 respectively.
Similarly, the national currency also followed the same suit in process of trading against the pound sterling. The pound's buying and selling rates rose from Wednesday's closing of Rs 177.50 and Rs 178.50 to Rs 178.20 and Rs 179.50 respectively, they added.
The dollar opened at Rs 138.95(buying) and Rs 139.05(selling) against last rate of Rs 138.85(buying) and Rs 138.95(selling). It closed at Rs 138.95(buying) and Rs 139.05(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.