WEB DESK: The rupee halted further losses against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee did not show any change against the dollar for buying at Rs 105.50 it rose by three-paisa for selling Rs 105.52, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee was unmoved against the dollar for buying and selling at Rs 105.50 and Rs 105.70 respectively, but it gained 60-paisa versus the euro for buying and selling at Rs 115.40 and Rs 116.40 respectively, they added.
In the forth Asian trade, the dollar held near 2-1/2-month highs against a basket of currencies after the US Federal Reserve signalled it may raise interest rates in December, when the European Central Bank is widely expected to add to its stimulus.
The reaffirmation of a contrasting direction in monetary policy was enough to boost the dollar index to as high as 97.818, its highest level since August 10. The dollar was trading against the Indian rupee at Rs 65.16, the greenback was available at 4.2820 in terms of the Malaysian ringgit and the US currency was at 6.3580 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 78.00-78.03 (previous 77.93-77.98).
Open Bid Rs.105.50
Open Offer Rs.105.70
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs.105.50
Offer Rate Rs.105.52
RUPEE IN LAHORE: The Pak rupee maintained downward slide for another day and remained under pressure against the greenback on the local currency market on Thursday.
According to the currency dealers, the rupee lost 40-paisa for buying and selling at Rs 105.60 and Rs 105.95 against the dollar compared with the Wednesday closing of Rs 105.20 and Rs 105.45, respectively. However, the rupee recovered some of its earlier loss and improved against the pound sterling. The pound was purchased and sold at Rs 160.10 and Rs 161.00 against the overnight closing of Rs 160.35 and Rs 161.05, 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 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 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).