Wednesday, September 20th, 2017
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The rupee fell modestly versus the dollar on the inter-bank market, while it showed no change on the open market in the process of trading, dealers said. The rupee slid nine paisas in terms of the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively, they said.

INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee did not budge any side in terms of the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, they said. The rupee appreciated by 90 paisas versus the euro for buying and selling at Rs 124.00 Rs 125.50 respectively, they said.

In the fourth Asian trade, the dollar hit a two-week high versus the yen, extending its gains after strong US economic data bolstered expectations for a solid US jobs report later this week.

The dollar rose to 110.615 yen at one point, its strongest level since Aug. 16. It last changed hands at 110.52 yen, up 0.3 percent from late US trade on Wednesday.

The greenback gained a lift after the US Commerce Department on Wednesday revised up gross domestic product to a three percent annual rate in the second quarter, the quickest in more than two years.

In addition, the ADP National Employment Report showed US private-sector employers hired 237,000 workers in August for the biggest monthly increase in five months, driving expectations for a solid US August non-farm payrolls figure.

The dollar was trading against the Indian rupee at Rs 64.04 and the greenback was at 6.598 in terms of the Chinese yuan.


Open Bid Rs 105.90

Open Offer Rs 106.10


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


Bid Rate Rs 105.39

Offer Rate Rs 105.40


RUPEE IN LAHORE: The Pak rupee moved both ways versus the foreign currencies including the US dollar and British pound in the local currency market on Thursday.

According to currency dealers, the US dollar resumed trading on a mixed pattern for another day following divergent trend in the market.

At the close, it ended at Rs 105.85 and Rs 106.20 on buying and selling side, respectively, as compared to the overnight closing trend of Rs 105.60 and Rs 106.30 respectively, they added.

Similarly, the local currency also followed the same suit against the pound sterling.

The British currency was bought and sold at Rs 134.30 and Rs 135.60 against Rs 134.50 and Rs 135.30 of Wednesday, they said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the remained uncharged 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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