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The rupee moved both ways against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee shed 10 paisas in relation to the dollar for buying and selling at Rs 106.40 and Rs 106.60 respectively, they said. The rupee continued fall in terms of the euro, losing Rs 1.35 for buying and selling at Rs 125.60 and Rs 126.60 respectively, they said.

OPEN MARKET RATES: INTER-BANK MARKET RATES: The rupee moved little versus the dollar for buying and selling at Rs 105.38 and Rs 105.40 respectively, they said. In the fourth Asian trade, the dollar edged higher against the yen, paring some of the losses it suffered after US President Donald Trump suggested a shutdown of the government was possible and threatened to terminate the North American Free Trade Agreement.

Trump warned late on Tuesday he might end the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. He also said he may shut the government if he does not get funding to build a wall on the US-Mexico border.

His remarks, made ahead of a debate in Congress over a spending package and raising the debt ceiling, knocked the dollar lower on Wednesday. The dollar was available at Rs 64.050 in terms of the Indian rupee, the greenback was at 4.277 versus the Malaysian ringgit and the US currency was at 6.661 against the Chinese yuan.





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Open Bid Rs 106.40

Open Offer Rs 106.60

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





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Bid Rate Rs 105.38

Offer Rate Rs 105.40

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RUPEE IN LAHORE: The Pak rupee failed to sustain as it depreciated against the US dollar in the local currency market on Thursday.

The US dollar continued to keep going up throughout the trading session amidst short supply phenomenon in the local currency market.

Consequently, it drifted at Rs 106.40 and Rs 106.70 on buying and selling side, respectively, as compared to the overnight closing trend of Rs 106.35 and Rs 106.50 respectively, local currency dealers said.

Moreover, the local currency showed mixed patterns as it moved both ways versus the pound sterling. The British currency was bought and sold at Rs 134.80 and Rs 135.50 against Rs 134.50 and Rs 137.30 of Wednesday, they added.

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 107.10 (buying) and Rs 107.20 (selling) against same last rate. It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.

Copyright Business Recorder, 2017


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