The rupee recovered sharply against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee picked up one paisa versus the dollar for buying and selling at Rs 104.80 and Rs 104.81 respectively.
INTER-BANK MARKET RATES: In the fourth Asian trade, the dollar managed to stabilise after the previous session's slide, although lingering risk aversion pinned Treasury yields near multi-week lows and restrained the greenback's bounce. The euro was down 0.1 percent at $1.0678, edging back towards a one-week low of $1.0640 reached on Wednesday on heightened European political woes.
The dollar rose 0.3 percent to 112.265 yen after nearing a 10-week low of 111.590 the previous day. The greenback was hit as Treasury yields slid sharply overnight. The dollar index against a basket of major currencies was up 0.1 percent at 100.370.
The dollar was available against the Indian rupee at Rs 67.03, the greenback was at 4.4370 in terms of the Malaysian ringgit and the US currency was trading at 6.8655 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 79.20-79.20 (previous 79.20-79.20).
OPEN MARKET RATES: The rupee rose by 20 paisas versus the dollar for buying at Rs 107.20 and the national currency picked up 40 paisas for selling and Rs 107.40, they said. The rupee inched up in terms of the euro, rising more five paisas for buying and selling at Rs 114.20 and Rs 115.70 respectively, they said.
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Open Bid Rs 107.20
Open Offer Rs 107.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs 104.80
Offer Rate Rs 104.81
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RUPEE IN LAHORE: The Pakistani rupee remained strong for the second consecutive day versus the US dollar in the local currency market here on Thursday.
According to currency dealers, the US dollar resumed trading on a depressed note and remained under selling pressure during the day's trading session. At the close, it further declined to Rs 107.00 and Rs 107.40 on buying and selling counters as compared to the Wednesday's closing rates of Rs 107.40 and Rs 107.70, respectively, they added.
Furthermore, the local currency showed mixed pattern as it moved both ways against the pound sterling. The British currency was purchased and sold at Rs 133.70 and Rs 134.00 as compared to the overnight closing rates of Rs 133.50 and Rs 134.80, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday. The dollar opened at 107.50 (buying) and Rs 107.60 (selling) against last rate of Rs 108.10 (buying) and Rs 108.20 (selling). In the evening session, dollar closed at the same levels. Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at Rs 130 (buying) and Rs 131.50 (selling).
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