The rupee declined slightly in terms of the dollar on the local money market on Thursday in the process of trading, dealers said.
In the fourth Asian trade, the dollar found its footing on Thursday as upbeat jobs data helped it recoup a little of its slide against the euro and it steadied on the yen after the US Federal Reserve's surprise rate cut.
The safe-haven yen also handed back a fraction of recent gains, as the resurgence of moderate Joe Biden in the Democratic Party primaries lifted investors' risk appetite.
Strong US labour-market data overnight, with February private payrolls beating expectations, helped the greenback 0.3% higher on the euro to $1.137 per euro.
A dollar last bought 107.61 yen. An emergency 50 basis point interest rate cut by the Fed on Tuesday had sent the dollar to a five-month low of 106.84 yen.
The dollar was available against the Indian rupee at Rs 73.420, the greenback was at 4.164 versus the Malaysian ringgit and the US dollar was at 6.937 versus the Chinese yuan.
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Open Bid Rs 154.00
Open Offer Rs 154.30
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Bid Rate Rs 154.26
Offer Rate Rs 154.29
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According to currency dealers, the greenback did not observe any change in its demand and supply situation throughout the trading session as it firmly sustained its opening trend for buying and selling at Rs 154.00 and Rs 154.50 respectively, local currency dealers said.
Furthermore, the local currency maintained downward trend for the second consecutive day versus the pound sterling. Consequently, the pound's buying and selling rates further rose from the Wednesday's closing of Rs 195.40 and Rs 197.00 to Rs 197.20 and Rs 198.80 respectively, they added.
The dollar opened at Rs 154.45(buying) and Rs 154.50(selling) against last rate of Rs 154.40(buying) and Rs 154.45(selling).
It closed at Rs 154.45(buying) and Rs 154.50(selling).
The buying and selling rates of one tola of gold were Rs Rs. 94,900 (selling) and Rs 94,500(buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.