The rupee failed to keep upward trend against the dollar on the money market on Thursday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: RATES: The rupee shed seven paisas versus the dollar for buying and selling at Rs 154.48 and Rs 154.50, respectively, they said.
OPEN MARKET RATES: The rupee sustained last levels in relation to the dollar for buying and selling at Rs 154.30 and Rs 154.60 respectively, they said. While, the rupee gained 10 paisas in terms of the euro for buying and selling at Rs 169.00 and Rs 170.50 respectively, they said.
In the fourth Asian trade, the US dollar stood tall on Thursday, supported by firm domestic data and hopes the coronavirus' economic impact could be limited, even as the human toll continued to climb.
Another 73 people on the Chinese mainland died on Wednesday from the outbreak, the highest daily increase so far, bringing the total death toll to 563.
Infections stand at 28,018. Drug makers and the World Health Organization played down press reports about progress toward finding treatments, which had boosted traders' confidence.
Amid the uncertainty about the virus, currency investors also turned their attention to traditional market drivers, specifically US private payrolls, which posted their biggest jump in nearly four years, while a separate report showed a service sector pickup.
That helped the greenback higher and it drifted north in morning trade to a two-week high of 109.87 Japanese yen.
The dollar was trading against the Indian rupee at Rs 71.220, the greenback was at 4.117 in terms of the Malaysian ringgit and the US currency was available at 6.962 versus the Chinese yuan.
======================== Open Bid Rs 154.30 Open Offer Rs 154.60 ========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
======================== Bid Rate Rs 154.48 Offer Rate Rs 154.50 ========================
RUPEE IN LAHORE: The Pak rupee appreciated its worth versus major foreign currencies including the greenback and the British pound in the open currency market on Thursday.
Amid lack of buyers' interest in the market, the greenback lost its day earlier gains and ended lower for buying and selling at Rs 154.10 and Rs 154.40 against the Tuesday's closing rate of Rs 154.20 and Rs 154.80 respectively, local currency dealers said.
In addition, the local currency also followed the suit in relation to the pound sterling that was bought and sold at Rs 199.00 and Rs 200.70 against the previous closing trend of Rs 200.20 and Rs 201.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 154.60 (buying) and Rs 154.70 (selling) against same last rate.
It closed at Rs 154.60 (buying) and Rs 154.70 (selling).
The buying and selling rates of one tola of gold were Rs 91,500 (selling) and Rs 91,200 (buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.