The rupee played both sides against the dollar on the local currency market on Thursday in the process of trading, dealers said. The rupee shed two-paisa versus the dollar for buying and selling at Rs 104.22 and Rs 104.24 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee inched up by five-paisa against the dollar for buying and selling at Rs 104.45 and Rs 104.65 respectively, while it gained 50-paisa in terms of the euro for buying and selling at Rs 117.00 and Rs 118.00, they said. In the fourth Asian trade, the dollar bounced to cut steep losses versus the yen on Wednesday as Tokyo shares rebounded after sharp losses, dulling demand for the safe-haven Japanese currency for the time being.
The US currency fared better against commodity currencies like the Australian and Canadian dollars, put on the defensive as crude oil prices resumed falling. The dollar was up 0.7 percent at 120.175 yen, hoisted up from a low of 119.225 as Tokyo’s Nikkei gained 0.8 percent following the previous day’s 3.8 percent tumble. The greenback was still sharply lower from its overnight high of 121.265 against its Japanese peer, which tends to attract bids in times of financial market turmoil.
The dollar was trading against the Indian rupee at Rs 66.24, the US currency was at 4.2160 in relation to the ringgit and the greenback was at 6.3649 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 77.80-77.81 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).
Open Bid Rs 104.45
Open Offer Rs 104.65
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs 104.22
Offer Rate Rs.104.24
RUPEE IN LAHORE: The Pak rupee recovered in relation to the greenback at the open currency markets of Lahore on Thursday.
According to currency dealers, the dollar resumed trading at overnight closing of Rs 105.00 and Rs 105.30 on buying and selling counters, respectively. Due to falling demand of the dollar at the local kerb, it depreciated its worth by 20-paisa on buying side at Rs 104.80 and 30-paisa on selling side at Rs 105.00.
On the other hand, the British pound was purchased and sold at Rs 159.30 and Rs 160.55 as against Rs 159.60 and Rs 160.50 on Monday, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling). Pound Sterling opened at Rs 161 (buying) and Rs 161.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 161 (buying) and Rs 161.50 (selling).