Steadier trend was witnessed on the money market as the rupee resisted sharp fluctuation in terms of the dollar in the process of trading, dealers said. The rupee gained five paisa versus the dollar for buying at Rs 102.15 and it also rose by 17-paisa for selling at Rs 102.18, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held its overnight levels in terms of the dollar for buying and selling at Rs 101.60 and Rs 101.80 respectively. It extended its gains in relation to the euro, picking up further 25-paisa for buying and selling at Rs 132.00 and Rs 132.25 respectively, they said.
In the fourth Asian trade, the euro held steady versus the dollar on Thursday, having recovered from one-year lows set earlier this week as investors repositioned ahead of the European Central Bank policy review. News of a ceasefire plan in eastern Ukraine further shored up the common currency, although this is now in doubt after Ukraine’s prime minister dismissed the proposal outlined by President Vladimir Putin.
The dollar was trading against the Indian rupee at Rs 60.47, the greenback was at 3.1760 versus the Malaysian ringgit and the US currency was at 6.1351 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.40-77.40 (previous 77.40-77.41). Call Money Rates: 05.50-06.75 percent (Previous 05.50-06.75 percent).
======================== Open Bid Rs.101.60 Open Offer Rs.101.80 ========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
======================== Bid Rate Rs.102.15 Offer Rate Rs.102.18 ========================
RUPEE IN LAHORE: The dollar depreciated its worth by 30-paisa (Rs 101.20) on buying side but improved 25-paisa (Rs 102.00) on selling side in relation to Pak rupee at the local currency markets of Lahore on Friday.
According to the currency dealers, the greenback opened at Rs 101.35 (buying) and Rs 101.85 (selling) against Rs 101.50 and Rs 101.75 on Thursday in the local currency markets. The greenback witnessed change and was closed at Rs 101.20 and Rs 102.00 on buying and selling counters, respectively. However, some of the dealers quoted selling rate of the dollar as Rs 101.90.
On the other hand, the British pound was purchased and sold at Rs 166.50 and Rs 168.00 as against Rs 166.60 and Rs 166.85 on Thursday.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Friday.
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).