Steadier trend prevailed on the money market on Thursday as the rupee sustained present levels against the dollar in the process of trading, experts said. The rupee inched up by one paisa versus the dollar for buying and selling at Rs 110.56 and Rs 110.57 respectively, they said.
INTER-BANK MARKET RATES: In the fourth Asian trade, the dollar touched a one-week low against the yen on Thursday, as lingering worries about global trade tensions weighed on investors' risk appetite.
Against this backdrop, the safe-haven yen has gained support, Innes added. The dollar last traded at 106.01 yen, down 0.3 percent on the day. Earlier on Thursday, the dollar had touched a trough of 105.825 yen, its lowest level since March 7.
A drop to levels below its early March low of 105.24 yen would take the greenback to its weakest since November 2016.
The dollar was available against the Indian rupee at Rs 64.945, the greenback was at 3.914 versus the Malaysian ringgit and the US currency was trading against the Chinese yuan at 6.313. Inter bank buy/sell rates for the taka against the dollar on Thursday: 82.96-82.96 (Previous 82.96-82.96).
OPEN MARKET RATES: The rupee did not move any side in terms of the dollar for buying and selling at Rs 111.50 and Rs 111.80 respectively, they said.
The rupee, however, picked up 30 paisas in relation to the euro for buying and selling at Rs 137.00 and Rs 138.50 respectively, they added.
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Open Bid Rs.111.50
Open Offer Rs.111.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.110.56
Offer Rate Rs.110.57
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RUPEE IN LAHORE: The Pak rupee failed to sustain its recoveries as it registered reduction against the American 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 at Rs 111.40 and Rs 111.70 for buying and selling, respectively, as compared to the overnight closing trend of Rs 111.30 and Rs 111.60 respectively.
Moreover, the national currency stayed firmed against the pound sterling for buying at Rs 154.40. However, it further gained 10 paisas for selling at Rs 155.40, 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 111.80 (buying) and Rs 111.90 (selling). It closed at Rs 111.80 (buying) and Rs 111.90 (selling).
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