Home »Money and Banking » Pakistan » Rupee » THE RUPEE: mixed trend

The rupee moved both ways against the dollar on the money market on Thursday, dealers said. The rupee gave up over night gains versus the dollar, shedding one paisa for buying and selling at Rs 104.86 and Rs 104.87, they said.

INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee also lost 10 paisas in terms of the dollar for buying and selling Rs 105.90 and Rs 106.10, they said. The rupee also fell against the euro, losing 30 paisas for buying and selling at Rs 117.50 and Rs 118.50, they said.

The dollar eased versus the yen on Thursday as a recent rally tied to bets on another US interest rate hike this year lost steam, while the New Zealand dollar rose after its central bank stopped short of aggressively trying to talk down the currency.





========================

Open Bid Rs.105.90

Open Offer Rs.106.10

========================



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





========================

Bid Rate Rs.104.86

Offer Rate Rs.104.87

========================



RUPEE IN LAHORE: The Pakistani rupee registered reduction versus the foreign currencies including the US dollar and the British pound in the local currency market on Thursday.

The currency dealers said the US dollar commenced trading on a positive note following fresh buyers' interest in the market.

The short supply phenomenon helped its appreciation at Rs 106.10 and Rs 106.30 on buying and selling counters as compared to the overnight closing rates of Rs 106.00 and Rs 106.15 respectively, they added.

Likewise, the national currency failed to maintain its day earlier recoveries as it depreciated against the pound sterling. The pound's buying and selling rates went up from Wednesday's closing rates of Rs 132.50 and Rs 134.00 to Rs 133.20 and Rs 134.30, respectively, they said.

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

The dollar opened at Rs 105.95 (buying) and Rs 106.10 (selling). It closed at the same rate. Buying and selling rates of British Pound remained Rs 136.50 (buying) and Rs 138.50 (selling).

Copyright Business Recorder, 2017


the author

Top
Close
Close