The rupee on the back of comfortable supply, managed to hold the commanding position versus the dollar in the local currency market on Thursday, dealers said. The rupee just in a single rally rose by 30 paisa in relation to the dollar for buying and selling at Rs 100.65 and Rs 100.68, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also gained 10 paisa versus the dollar for buying and selling at Rs 101.20 and Rs 101.40, they said. The rupee, however, extended overnight fall, losing 50 paisa against the euro for buying and selling at Rs 125.75 and Rs 126.00, they said.
In the fourth Asian trade, the dollar inched higher versus the yen on Thursday, getting some respite after falling roughly 3 percent in the past three days as the market unwound stretched positions ahead of the year-end. The dollar has pulled back from a seven-year peak of 121.86 yen set on Monday as crowded long-dollar trades were thinned out.
The dollar was trading against the Indian rupee at Rs 62.14, and at 3.4865 versus the Malaysian ringgit. The US currency was at 6.1711 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.86-77.88 (previous 77.85-77.85). Call Money Rates: 06.25-08.25 percent (Previous 05.75-08.25 percent).
ISLAMABAD: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Thursday. The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling). Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).
LAHORE: The Pak rupee registered marginal decline in relation to the greenback on the local currency market on Thursday. According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 101.30 and Rs 101.55 on buying and selling side, respectively. As a result of buyers’ interest, the dollar was slightly improved to Rs 101.35 and Rs 101.60 on buying and selling counter, respectively, the dealers said. Similarly, the rupee remained depressed and was declined against the pound sterling. The pound’s buying and selling rates were improved from Wednesday closing of Rs 158.25 and Rs 158.50 to Rs 158.50 and Rs 158.75, respectively, they added.
Open Bid Rs.101.20
Open Offer Rs.101.40
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs.100.65
Offer Rate Rs.100.68