The rupee could not stand with its counterpart on the money market on Thursday following the payment requirements, dealers said. The rupee dipped versus the dollar, giving up 21-paisa for buying and selling at Rs 102.25 and Rs 102.28 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: In sympathy with the interbank market, the rupee dropped by 30-paisa versus the dollar for buying and selling at Rs 102.00 and Rs 102.20 respectively, while it held the overnight levels in relation to the euro for buying and selling at Rs 131.75 and Rs 132.00, they said.
In the fourth Asian trade, the US dollar held near a six-year peak against the yen and powered to a seven-month high on its New Zealand peer, which fell after the country’s central bank said the kiwi’s current level was “unjustified and unsustainable.” The US dollar traded at 106.74 yen, after having scaled a six-year high of 106.89 yen in New York on Wednesday, which represented a gain of 1.7 percent so far this week.
The dollar was at Rs 60.90 versus the Indian rupee, the greenback was trading against the Malaysian ringgit at 3.1990 and the US currency was at 6.1312 in terms of Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday. 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.50-06.75 percent (Previous 05.50-06.75 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
RUPEE IN LAHORE: The Pak rupee failed to maintain upward trend and was depreciated by 15-paisa in relation to the greenback on the local currency market on Thursday.
According to the currency dealers, the dollar was opened on a healthy note and registered gain following fresh buying. At close of trading, the dollar was ended higher at Rs 101.90 and Rs 102.15 as its buying and selling rates against Rs 101.75 and Rs 102.00 of Wednesday, respectively.
Likewise, the rupee remained weak and was declined against the pound sterling. The pound was traded at Rs 164.90 and Rs 165.15 on buying and selling counters compared with day earlier closing of Rs 164.25 and Rs 164.50, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against.
Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).