Commenting on the smooth supply of dollars, some analysts said that the State Bank of Pakistan (SBP) continues influencing the market to keep the dollar below the Rs 102 in the interbank market. Sharing the same opinion, other experts said that the central bank continuously monitoring every transaction and enforcing regulation strictly.
So that the rupee to keep it's present levels in terms of the dollar in the near future, they said. The country's foreign exchange reserves swelled to 16.706 billion dollars during the last week, giving an indication about a smooth supply of dollar.
INTERBANK MARKET RATES: On Monday, the rupee failed to sustain it's levels against the dollar, shedding 12 paisa for buying and selling at Rs 101.97 and Rs 101.99, respectively, they said.
On Tuesday, the rupee inched up by one paisa in relation to the dollar for buying and selling at Rs 101.96 and Rs 101.98. On Wednesday, the rupee rose by one paisa in relation to the dollar for buying and selling at Rs 101.95 and Rs 101.97.
On Thursday, the rupee inched up by two paisa in relation to the dollar for buying and selling at Rs 101.93 and Rs 101.95. On Friday, the rupee picked up seven paisa in relation to the dollar for buying and selling at Rs 101.86 and Rs 101.88
OPEN MARKET RATES: On April 6, the rupee managed to keep its week-end levels versus the dollar for buying and selling at Rs 102.20 and Rs 102.40 while the national currency lost 55 paisa versus the euro for buying and selling at Rs 111.95 and Rs 112.20.
On April 7, the rupee held the last level versus the dollar for buying Rs 102.20 while it shed 10 paisa for selling at Rs 102.50. The rupee inched up by five paisa versus the euro for buying and selling at Rs 110.85 and Rs 111.10, trading.
On April 8, the rupee lost 20 paisa in terms of the dollar for buying at Rs 102.40 and it also shed 10 paisa for selling at Rs 102.60. The rupee inched up by five paisa versus the euro for buying and selling at Rs 110.80 and Rs 111.05
On April 9, the rupee sustained overnight levels versus the dollar for buying and selling at Rs 102.40 and Rs 102.60. The rupee extended overnight gains against the euro, picking up 55 paisa for buying and selling at Rs 110.25 and Rs 110.05.
On April 10, the rupee held the last levels versus the dollar for buying and selling at Rs 102.40 and Rs 102.60. The rupee appreciated by Rs 1.05 against the euro for buying and selling at Rs 108.75 and Rs 109.00.
On Saturday, the rupee maintained its overnight levels against the dollar for buying and selling at Rs 102.40 and Rs 102.60. The rupee also sustained the last levels versus the euro for buying and selling at Rs 108.75 and Rs 109.00.
OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trading session, the dollar weakened across the board, after much weaker-than-expected US jobs data persuaded many in the market that the Federal Reserve is likely to wait until the second half of 2015 before raising interest rates.
Friday's closely watched employment data showed US non-farm payrolls rose by 126,000 in March, the smallest gain since December 2013 and well under the 245,000 economists had forecast. On the brighter side, average hourly earnings increased 0.3 percent.
The dollar was trading against the Indian rupee at Rs 62.16, the greenback was at 3.6265 in terms of the Malaysian ringgit and the US currency was available at 6.195 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-8.00 percent (Previous 07.25-08.00 percent).
In the second Asian trade, the dollar held firm in Asia, having recovered almost all of its payroll-inspired losses while the Australian dollar jumped more than one percent after the Australian central bank refrained from cutting rates.
The dollar index stood at 97.040, recovering from Monday's low of 96.329, with the dent from surprisingly soft US payroll data announced on Friday proving to be temporary.
The dollar was trading against the Indian rupee at Rs 62.32, the greenback was at 3.6310 versus the Malaysian ringgit and the US currency was available at 6.1923 in terms of the Chinese yuan.
In the third Asian trade, the dollar took a step back on Wednesday but retained a bulk of its overnight gains after currency bulls scooped up the greenback following the tumble induced by weak US non-farm payrolls late last week.
The dollar was down 0.2 percent at 120.09 yen after jumping 0.6 percent the previous day, when currency markets returned to full strength following the Easter holidays.
The greenback was back at a level prior to Friday's much weaker-than-expected US jobs data release, which took it down to as low as 118.71 yen by cooling prospects of an earlier interest rate hike by the Federal Reserve.
Inter bank buy/sell rates for the taka against the dollar on Wednesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-8.00 percent (Previous 07.00-08.00 percent).
In the fourth Asian trade, the dollar touched a one-week high, having enjoyed another leg up after two influential Federal Reserve officials kept alive expectations for a hike in interest rates sometime this year. The greenback was available against the Indian rupee at Rs 62.23, the dollar was at 3.6275 in terms of Malaysian ringgit and the US currency was trading versus the Chinese yuan at 6.2052.
Inter bank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-8.00 percent (Previous 07.00-08.00 percent).
In the final Asian trade, the dollar held firm against other currencies, after an upbeat US jobs report added to the chances the Federal Reserve will increase interest rates as global peers stick to easy money policies.
The greenback was at 120.57 yen in Tokyo trade compared with 120.59 yen in New York late Thursday but well up from 120.28 yen in Tokyo earlier Thursday.
The US Labour Department reported Thursday that the number of first-time unemployment claims filed in the past four weeks had fallen to a nearly 15-year low, suggesting a stronger labour market.
At the week-end, the euro slumped for a fifth straight session against the US dollar to a 3-1/2 week low as falling European interest rates drove investors into greenbacks and the yen.
The euro traded around $1.06005, off 0.54 percent on the EBS trading platform. It had slumped to $1.05670, its weakest level since March 17. For the week the euro lost 3.38 percent, its worst week against the greenback since September 2011.