The rupee gave up overnight gains against the dollar on the local currency market on Thursday in the process of trading, dealers said. The rupee dropped by 13 paisa versus the dollar for buying at Rs 101.05 and it also lost 15 paisa for selling at Rs 101.10, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also fell by 15 paisa in terms of dollar for buying and selling at Rs 101.30 and Rs 101.50, they said. The rupee, however, gained 50 paisa in terms of the euro for buying and selling at Rs 114.50 and Rs 114.75, they said.
In the fourth Asian trade, the New Zealand dollar pared some losses but remained near a four-year low on Thursday as investors priced in a greater chance of rate cuts there, while US dollar bulls focused on the positive in the Federal Reserve’s latest policy statement.
The kiwi had tumbled to $0.7314, its lowest level since March 2011, after the Reserve Bank of New Zealand opened the door to a possible cut in rates, having only last month flagged that further tightening was needed.
The dollar was available at Rs 61.50 versus the Indian rupee, the greenback was at 3.6300 in relation to the Malaysian ringgit and the US currency was at 6.2490 against the Chinese yuan. Inter-bank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-09.25 percent (Previous 07.00-09.25 percent).
Open Bid Rs.101.30
Open Offer Rs.101.50
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs.101.05
Offer Rate Rs.101.10
RUPEE IN LAHORE: The Pak rupee remained weak and was marginally declined by five-paisa against the greenback on the local currency market on Friday.
According to the currency dealers, the dollar commenced trading at its day earlier closing of Rs 101.20 and Rs 101.45 as its buying and selling rate, respectively. As a result of increase in demand, the dollar was moved up and closed at Rs 101.25 and Rs 101.50 on buying and selling side, respectively.
However, the rupee staged recovery and regained some of its earlier loss against the pound sterling. The pound was purchased and sold at Rs 153.00 and Rs 153.25 compared with Thursday closing of Rs 153.25 and Rs 153.50, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Friday.
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).