Wednesday, September 20th, 2017
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Slight changes marked on the money market on Thursday as the rupee moved cautiously versus the dollar in the process of trading activity, dealers said. The rupee slipped by one paisa against the dollar for buying and selling at Rs 105.40 and Rs 105.41 respectively, they said.

INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee did not move any side in relation to the dollar for buying and selling at Rs 106.00 and Rs 106.20 respectively, they said.

The rupee dropped by 50 paisas in terms of the euro for buying and selling at Rs 125.80 Rs 127.30 respectively, they said. In the fourth Asian trade, the euro held firm ahead of a European Central Bank policy decision, with the focus on what the ECB might say about the currency's recent strength and how that may influence the policy outlook.

The euro edged up 0.1 percent to $1.1925, still some way off last week's high of $1.2070, its highest level since January 2015. The common currency has lost some momentum since hitting that 2-1/2 year peak, weighed down by rising expectations that a stronger euro could slow the ECB's plans to rein in its bond-buying stimulus. Only 15 of 66 economists polled by Reuters expect the ECB to announce a reduction of its monthly asset purchases at Thursday's ECB policy meeting -- a sharp reversal from a month ago when slightly over half of respondents expected such a move. The dollar was trading against the Indian rupee at Rs 64.020, the greenback was at 4.214 in terms of the Malaysian ringgit and the US currency was available at 6.523 against the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 80.70-80.70 (previous 80.70-80.70).


Open Bid Rs.106.00

Open Offer Rs.106.20


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


Bid Rate Rs.105.40

Offer Rate Rs.105.41


RUPEE IN LAHORE: The Pak rupee showed strength and gained 20-paisa on buying side whereas it remained unchanged on selling side in relation to the greenback in the local currency market on Thursday. According to the currency dealers, because of sufficient supply, the dollar's buying rate dropped from the overnight closing of Rs 106.00 to Rs 105.80. However, its selling rate stayed unchanged at its day earlier closing of Rs 106.20.

On the contrary, the rupee remained weak and depreciated its worth against the pound sterling that was traded at Rs 136.80 and Rs 137.80 on buying and selling counter as compared with the Wednesday closing of Rs 135.50 and Rs 136.50, respectively, the dealers 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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