THE RUPEE: slight gains
The rupee inched up versus the dollar on the interbank market while it was unchanged on the open market on Thursday in process of trading, dealers said. The rupee picked up three-paisa for buying at 94.50 and it gained one-paisa for selling at 94.54, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee retained its overnight levels against the greenback for the third session for buying and selling at 94.65 and 94.85, they said. While, the rupee was higher in terms of the euro, gaining Rs 140 for buying and selling at Rs 122.20 and Rs 123.20, they added.
In the fourth Asian trade, the yen pushed higher against the dollar, staying on a firm footing after staging a surprise bounce the previous day as an initial sell-off in reaction to the Bank of Japan's monetary easing fizzled.
The dollar was trading against the Indian rupee at Rs 54.37, the greenback was at 3.0740 in terms of the Malaysian ringgit and the US currency was at 6.3015 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 81.58-81.64 (previous 81.54-81.75). Call Money Rates: 10.00-10.00 percent (previous 05.50-11.25 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
RUPEE IN LAHORE:
The Pak rupee failed to maintain upward slide and was declined by five-paisa on buying side and 15-paisa on selling side against the US dollar in the local currency market on Thursday.
According to the currency dealers, the dollar resumed trading on a healthy sign and kept on moving up following fresh buying. At the close of trading, the dollar was ended higher at Rs 94.75 and Rs 95 at its buying and selling rates against the overnight closing of Rs 94.7 and Rs 94.85, respectively.
However, the rupee showed stability on buying side while it lost 10-paisa on selling side in relation to the pound sterling. The pound was purchased and sold at Rs 152.7 and Rs 153.5 as compared to Wednesday closing of Rs 152.7 and Rs 153.4, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI:
The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 94.2 (buying) and Rs 94.3 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.2 (buying) and Rs 94.3 (selling). Pound Sterling opened at Rs 146 (buying) and Rs 146.5 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.5 (selling).
Copyright Business Recorder, 2012