The rupee posted fresh gains after recovering modest ground versus the dollar on the local currency market on Thursday, dealers said. The rupee managed to lift from bottom on the back of easy supply of dollar, gaining 16-paisa for buying and selling at Rs 101.57 and Rs 101.60 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same pattern in terms of the dollar, picking up 30-paisa for buying and selling at Rs 101.90 and Rs 102.10 respectively. It also went up sharply in terms of the euro, rising one rupee for buying and selling at Rs 125.25 and Rs 125.50 respectively, they said.
In the fourth Asian trade, the euro staggered near two-year lows on Thursday, finding few friends in a market that is wagering the European Central Bank will be forced to inject even more stimulus into the sputtering euro zone economy. While a full-blown quantitative easing programme after Thursday’s policy review is unlikely, some believe the ECB may lay the groundwork for such a move early next year.
The dollar was trading against the Indian rupee at Rs 61.91, the US currency was at 3.4470 in terms of the Malaysian ringgit and the greenback was at 6.1498 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.79-77.80 (previous 77.79-77.79). Call Money Rates: 06.00-08.25 percent (Previous 05.70-08.25 percent).
Open Bid Rs 101.90
Open Offer Rs.102.10
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs.101.57
Offer Rate Rs.101.60
RUPEE IN LAHORE: The Pak rupee appreciated in relation to the greenback on the local currency market on Thursday.
According to the currency dealers, the dollar was opened on a depressed note and remained under selling pressure. At close of trading, the dollar was ended at Rs 102.25 and Rs 102.50 on buying and selling side against Rs 102.40 and Rs 102.65 of Wednesday, respectively, the dealers said.
However, the rupee failed to maintain upward slide and was declined against the pound sterling. The pound’s buying and selling rates were improved from overnight closing of Rs 159.75 and Rs 160.00 to Rs 160.00 and Rs 160.25, respectively, they added.
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 102.30 (buying) and Rs 102.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 102.30 (buying) and Rs 102.40 (selling). Pound Sterling opened at Rs 159 (buying) and Rs 160 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 159 (buying) and Rs 160 (selling).