The rupee moved with little variations against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee shed three paisas against the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
INTERBANK MARKET RATES: In the fourth Asian trade, the dollar caught its breath, after charging to a 13-1/2 year high against a basket of currencies on bets the Trump administration will adopt inflationary policies, while the yen sagged after a Bank of Japan bond-buying operation.
The dollar index, which tracks the greenback against six major rival currencies, eased 0.1 percent to 100.32, after climbing as high as 100.57 on Wednesday, its loftiest peak since April 2003. The yen retreated from its intraday highs after the Bank of Japan conducted its first special operation to curb rising yields on Japanese government bonds (JGBs).
The dollar was trading against the Indian rupee at Rs 67.88, the greenback was at 4.3850 in terms of the Malaysian ringgit and the US currency was at 6.8697 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.58-78.58 (previous 78.57-78.58.
OPEN MARKET RATES: The rupee recovered further 20 paisas in terms of the dollar for buying and selling at Rs 106.20 and Rs 106.40 respectively, they said. The rupee was almost unchanged versus euro for buying and selling at Rs 114.00 and Rs 115.00 respectively, they said.
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Open Bid Rs.106.20
Open Offer Rs.106.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.104.84
Offer Rate Rs.104.85
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RUPEE IN LAHORE: The Pakistani rupee appreciated against the US dollar in the local currency market on Thursday.
The trading activity of the US dollar resumed on a depressed note amidst absence of buyers' interest. At the close, it could not sustain and declined its worth to Rs 106.40 and Rs 106.80 on buying and selling sides, respectively, as compared to day earlier closing rates of Rs 106.70 and Rs 106.85, currency dealers said.
Moreover, the rupee-pound parity remained unchanged for the second consecutive day amid sluggish trading trend in the market.
The pound did not observe any change in its demand and supply situation which helped local currency stabilise. As a result, its opening rates prevailed till close of trading at Rs 132.00 and Rs 133.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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