The rupee dropped some gains against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee was almost unchanged in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
INTERBANK MARKET RATES: In the fourth Asian session, the dollar skidded, moving back toward one-month lows against the perceived safe-haven yen, after President-elect Donald Trump's highly-awaited news conference failed to offer details on his promises to boost fiscal spending and cut taxes. Trump, who takes office on Jan. 20, did not elaborate on his planned growth policies, and instead took aim at targets that included pharmaceutical companies and US intelligence agencies. The greenback fell as low as 114.245 yen on Wednesday, its deepest nadir since Nov. 9, and last stood at 114.52, down 0.8 percent on the day.
The dollar was trading against the Indian rupee at Rs 68.10, the greenback was at 4.4600 in terms of the Malaysian ringgit and the US currency was at 6.9117 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.83-78.86 (previous 78.80-78.81).
OPEN MARKET RATES: The rupee shed 10 paisas versus the dollar for buying and selling at Rs 108.40 and Rs 108.60 respectively, and it also lost 85 paisas in terms of the euro for buying and selling at Rs 114.60 and Rs 116.10 respectively, they said.
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Open Bid Rs.108.40
Open Offer Rs.108.60
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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 marginally fell on buying side while it stayed unchanged against the greenback in the local currency market here on Thursday.
The trading activity of the greenback resumed on its overnight closing of Rs 108.45 and Rs 108.70 as its buying and selling rates, respectively. In the absence of buyers' interest, it further ended at Rs 108.50 on the buying counter. However, no change in the value of greenback took place as it sustained its overnight trend of Rs 108.70 on the selling counter, respectively, said the local currency dealers.
Moreover, the local currency remained under pressure for the second consecutive day versus the British pound. The pound's buying and selling rates further appreciated from the Wednesday's closing rates of Rs 131.20 and Rs 131.70 to Rs 131.80 and Rs 132.50, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar against the rupee remained unchanged at currency exchange establishments of Islamabad and Rawalpindi here on Thursday.
The dollar resumed trading at Rs 108.50 (buying) and Rs 108.60 (selling) against same last rate. The dollar closed at Rs 108.50 (buying) and Rs 108.60 (selling).
Pound Sterling opened at Rs 131.50 (buying) and Rs 133 (selling).
It did not observe further change in the second session and closed at Rs 131.50 (buying) and Rs 133 (selling).
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