Wednesday, August 23rd, 2017
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The rupee inched up in terms of the dollar on the money market on Thursday in the process of trading, dealers said.

INTER-BANK MARKET RATES: The rupee picked up one paisa versus the dollar for buying and selling at Rs 104.83 and Rs 104.84 respectively.

OPEN MARKET RATES: The rupee maintained last levels in relation to the dollar for buying and selling at Rs 107.10 and Rs 107.30 respectively, however it lost 80 paisas against the euro for buying and selling at Rs 113.60 and at Rs 115.10 respectively, they said.

In the fourth Asian trade, the dollar took a breather after climbing to a one-month high as a run of upbeat US economic data rekindled expectations of an early rate hike by the Federal Reserve.

The dollar index touched 101.76 on Wednesday, a peak unseen since January 12, on the wake of better-than-expected US inflation and retail sales data before retreating to 100.94 on profit-taking.

US consumer prices recorded their biggest gain in nearly four years, jumping 0.6 percent in January. Retail sales also outpaced expectations, increasing 0.4 percent last month compared to the analysts' poll of 0.1 percent. But some analysts also noted that the data may not as strong as it appears.

The dollar was trading against the Indian rupee at Rs 66.90, the greenback was at 4.4485 in relation to the Malaysian ringgit and the US currency was available at.8566 in terms of the Chinese yuan.

Inter bank buy/sell rates for the taka against the dollar on Thursday: 79.29-79.30 (previous 79.30-79.30).


Open Bid Rs.107.10

Open Offer Rs.107.30


Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.


Bid Rate Rs.104.83

Offer Rate Rs.104.84


RUPEE IN LAHORE: The Pakistani rupee depreciated on buying side while it remained unchanged on selling side against the US dollar in the local currency market on Thursday.

According to currency dealers, the US dollar resumed trading on its day earlier closing of Rs 107.25 and Rs 107.50 as its buying and selling rates, respectively. Due to the short supply, it went up at Rs 107.35 on buying counter.

However, no change in its value took place for another day as it sustained its last closing trend of Rs 107.50 on selling counter, respectively, they added.

Moreover, the local currency failed to keep upward trend as it registered reduction versus the British pound. The pound's buying and selling rates rose from the Wednesday's closing rates of Rs 132.65 and Rs 133.65 to Rs 133.30 and Rs 134.35, respectively, they said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs 108.10 (buying) and Rs 108.20 (selling) against the rupee and it also closed at same rates.

Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at Rs 130 (buying) and Rs 131.50 (selling).

Copyright Business Recorder, 2017

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