The rupee managed to hold present levels against the dollar on the money market on Thursday in the process of trading activity, dealers said.
In the fourth Asian trade, the dollar found broad support on Thursday after the US Federal Reserve cut interest rates, as expected, but offered mixed signals about future easing, while weak employment figures hit the Australian currency.
The greenback gained against major currencies except for the Japanese yen, which posted its sharpest daily rise in almost a month on some safe-haven buying. The Bank of Japan also met expectations by holding off on deeper monetary easing.
The dollar was available against the Indian rupee at Rs 71.250, the greenback was at 4.195 in terms of the Malaysian ringgit and the US currency was at 7.102 versus the Chinese yuan.
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Open Bid Rs.155.80
Open Offer Rs.156.30
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Bid Rate Rs.156.23
Offer Rate Rs.156.25
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According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 156.00 and Rs156.50 as its buying and selling rate, respectively. The dollar did not observe any change in its buying rate while its selling rate declined down to Rs 156.40 due to lacking buyers' interest.
The rupee also stayed unchanged on buying side and gained strength on selling side against the pound sterling. The pound was traded at Rs 193.50 and Rs 194.60 on buying and selling counter as compared to previous closing of Rs 193.50 and Rs195.00, respectively, the dealers added.
The dollar opened at Rs 156.60(buying) and Rs 156.70(selling) against last rate of Rs 156.70(buying) and Rs 156.80(selling).
It closed at Rs 156.60(buying) and Rs 156.70(selling).
The buying and selling rates of one tola of gold were Rs. 86,500 (selling) and Rs 86,000(buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.