The rupee maintained a firm posture in relation to the dollar on the money market on Thursday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee inched up versus the dollar for buying and selling at Rs 104.78 and Rs 104.83 respectively, they said.
In the fourth Asian trade, the dollar nursed its losses on Thursday as deepening concerns about next week's contentions US presidential election overshadowed the Federal Reserve's latest review where policy makers signalled they were on track to hike rates next month. The dollar edged up against yen with markets in Japan closed for a public holiday, after skidding as much as 1 percent overnight to its lowest since October 10.
It was last up 0.1 percent at 103.37 yen, inching away from its Wednesday low of 102.99 and well off its October 28 high of 105.53. While Democratic candidate Hillary Clinton, seen as the status quo candidate for markets, remained ahead in many polls before Tuesday's vote, some investors have begun pricing in the possibility of victory for her Republican rival Donald Trump An average of polls compiled by the RealClearPolitics website showed Clinton just 1.7 percent ahead of Trump nationally on Wednesday, with 47 percent support to his 45.3 percent. But a Reuters/Ipsos daily tracking poll released on the same day showed Clinton ahead by 6 percentage points among likely voters.
The dollar was trading against the Indian rupee at 66.69, the greenback was 4.1820 in terms of the Malaysian ringgit and the US currency was at 6.7594 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday. 78.45-78.46 (previous 78.44-78.46).
OPEN MARKET RATES: The rupee recovered 20 paisas more in terms of the dollar for buying and selling at Rs 105.60 and Rs 105.80 respectively, while it depicted no change in relation the euro for buying and selling at Rs 116.75 Rs 118.00 respectively, they said.
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Open Bid Rs.105.60
Open Offer Rs.105.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.104.78
Offer Rate Rs.104.83
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RUPEE IN LAHORE: The Pak rupee lost 10-paisa on buying side at Rs 105.90 while appreciated on selling side at Rs 106.10 against the US dollar in the local currency market on Thursday.
According to the currency dealers, the greenback resumed trading against its Wednesday's closing rates of Rs 105.80 and Rs and Rs 106.20 as its buying and selling rates, respectively. Following the buyers' interest, the dollar slipped up at Rs 105.90 on the buying counter.
However, in the absence of selling spree, it could not sustain and declined its worth at Rs 106.10 on the selling counter.
Moreover, the local currency depreciated versus the British pound. The pound's buying and selling rates went up from overnight closing rate of Rs 129.05 and Rs 129.50 to Rs 130.10 and Rs 131.30, 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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