The rupee moved slightly in terms of the dollar on Thursday in the process of trading, dealers said. INTER-BANK MARKET RATES: The rupee shed three paisas against the dollar for buying and selling at Rs 105.50 and Rs 105.51 respectively, dealers said.
In the fourth Asian trade, the dollar held steady on Thursday but was set for a monthly loss against a basket of currencies as investors warily watch progress on US tax reform legislation, while sterling stood tall on optimism a Brexit accord would be reached.
The dollar index, which gauges the greenback against a basket of six major rivals, was steady on the day at 93.151 but was down 1.5 percent for November.
The pound gained 0.5 percent to $1.3471 after rising as high as $1.3480, its highest since Sept. 26. It was up 1.4 percent for the month.
The dollar was trading against the Indian rupee at Rs 64.43, the greenback was available at 4.085 in terms of the Malaysian ringgit and the US currency was at 6.606 in relation to the Chinese yuan.
OPEN MARKET RATES: The rupee did not budge any side against the dollar for buying and selling at Rs 107.40 and Rs 107.60 respectively, they said.
The rupee also maintained overnight levels versus the euro for buying and selling at Rs 126.50 and Rs 127.75 respectively, they said.
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Open Bid Rs.107.40
Open Offer Rs.107.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.105.50
Offer Rate Rs.105.51
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RUPEE IN LAHORE: The Pak rupee recovered its day earlier losses in relation to the US dollar in the local currency market on Thursday.
According to currency dealers, the dollar commenced trading on a negative note following lack of buyers' interest in the currency market. Consequently, it slid by 20 paisas and ended at Rs 107.20 and Rs 107.60 for buying and selling, respectively, as compared to the overnight closing trend of Rs 107.40 and Rs 107.80 respectively, they added.
On the contrary, the national currency maintained declining trend for the second consecutive day versus the pound sterling. The pound's buying and selling rates further rose from Wednesday's closing of Rs 142.40 and Rs 143.40 to Rs 143.10 and Rs 143.90 respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad.
The dollar opened at Rs 107.40 (buying) and Rs 107.50 (selling) against same last rate. It closed at Rs 107.40 (buying) and Rs 107.50 (selling).
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