The rupee inched up versus the dollar on the money market on Thursday in process of trading, they said. The rupee held the overnight levels in terms of the dollar for buying and selling at Rs 101.78 and Rs 101.80 respectively, dealers said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee gained five-paisa against the dollar for buying and selling at Rs 102.60 and Rs 102.80 respectively, however it lost 75-paisa versus the euro for buying and selling at Rs 115.50 and Rs 116.50 respectively, they said. In the forth Asian trade the dollar hit a one-month low, staying on the defensive after the head of the Federal Reserve disappointed some who had hoped for a clearer signal on when the central bank will lift interest rates.
Instead, Fed Chair Janet Yellen on Wednesday emphasised that the rate decision was still up in the air and rested squarely on further improvement in the labour market, a longstanding concern. The dollar was trading against the Indian rupee at Rs 63.88, the greenback was at 3.7185 in terms of the Malaysian ringgit and the US currency was at 6.209 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar Thursday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.75 percent (Previous 05.25-06.75 percent).
Open Bid Rs.101.78
Open Offer Rs.101.80
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs.102.60
Offer Rate Rs.102.80
RUPEE IN LAHORE: The rupee showed strength and gained 30-paisa on Thursday. The dollar resumed trading on a negative note and remained under pressure and ended at Rs 102.45 and Rs 102.80 against Rs 102.75 and Rs 103.10 of Wednesday. The rupee kept falling against the pound sterling whose buying and selling rate improved from the overnight closing of Rs 160.00 and Rs 160.70 to Rs 160.75 and Rs 161.00.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling). Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).