INTERBANK MARKET RATES: The dollar was down 0.4 percent at 116.800 yen, having come down from a high of 117.815 touched overnight. Treasury yields fell in the wake of weaker-than-expected US pending home sales data and a robust debt auction. The greenback also felt pressure from the safe-haven yen, which provided a home for funds retreating from the region's riskier assets.
The euro was given breathing space as the dollar weakened against its Japanese peer. The common currency was up 0.2 percent at $1.0437 after falling to as low as $1.0372 the previous day. The dollar was trading against the Indian rupee at Rs 68.14, the greenback was at 4.4830 versus the Malaysian ringgt and the US currency was at 6.9550 in relation to the Chinese yuan Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.70-78.70 (previous 78.70-78.78).
OPEN MARKET RATES: The rupee continued erosion versus the dollar, shedding further 10 paisas for buying and selling at Rs 108.20 and Rs 108.40 respectively, they said. The rupee also dropped by 20 paisas in terms of the euro for buying and selling at Rs 112.60 and Rs 114.10 respectively, they said.
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Open Bid Rs.108.20
Open Offer Rs.108.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.104.85
Offer Rate Rs.104.88
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RUPEE IN LAHORE: The Pakistani rupee recovered by 15-paisa on buying side it, however, depreciated by 10-paisa on selling side against the US dollar in the local currency market here on Thursday.
According to currency dealers, the US dollar resumed trading on its overnight closing of Rs 108.15 and Rs 108.40 as its buying and selling rates, respectively. Following the buyers' interest in the market, it could not sustain and declined to Rs 108.00 on buying counter. However, it further climbed up at Rs 108.50 on selling counter, they added.
Furthermore, the local currency failed to maintain rising trend as it lost by 5-paisa versus the pound sterling on buying side while remained unchanged on selling side. The pound was bought and sold at Rs 131.35 and Rs 132.50 against Rs 131.30 and Rs 132.50 on Wednesday, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar showed an improvement of Rs 1 against rupee at currency exchange shops of Islamabad and Rawalpindi here on Thursday.
The dollar resumed trading at Rs 108 (buying) and Rs 108.50 (selling) against last rate of Rs 107 (buying) and Rs 107.50 (selling). It did not observe further change in evening session and closed at Rs 108 (buying) and Rs 108.50 (selling).
Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last week's rate. It did not observe further change in the second session and closed at Rs 135 (buying) and Rs 135.10 (selling).