INTER-BANK MARKET RATES: In the fourth Asian trade, the dollar stepped further away from a 14-year peak against a basket of currencies, as investors locked in gains from its two-month-old rally after Donald Trump won the US presidential election.
The dollar had soared on Trump's plans to cut taxes, boost fiscal spending and protectionist trade rhetoric, all seen as inflationary and lifting US bond yields. But uncertainty on exactly what his presidency will bring is prompting some players to close their bets on the dollar ahead of Trump's planned news conference on Jan 11. The euro rose 0.3 percent in Asia to $1.0524, having recovered from a 14-year low of $1.0340 touched on Tuesday.
The dollar was available against the Indian rupee at Rs 67.80, the greenback was at 4.4825 in relation to the Malaysian ringgit and the US currency was at 6.8831 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.70-78.70 (previous 78.70-78.70).
OPEN MARKET RATES: The rupee managed to gain 10 paisas against the dollar for buying and selling at Rs 108.30 and Rs 108.50 respectively, they said. The rupee rose by five paisas in terms of the euro for buying Rs 112.70 and it also picked up 45 paisas for selling at Rs 113.70 respectively, they said.
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Open Bid Rs.108.30
Open Offer Rs.108.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.104.80
Offer Rate Rs.104.82
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RUPEE IN LAHORE: The Pakistani rupee showed strength and recovered by 10-paisa against the US dollar in the local currency market on Thursday.
The trading of the US dollar resumed on a depressed note and kept on declining amidst lack of buyers' interest in the market. At the close, it could not sustain and lost its worth to Rs 108.30 and Rs 108.70 on buying and selling counters, respectively, as compared to the Wednesday's closing rates of Rs 108.40 and Rs 108.80, said the local currency dealers.
Furthermore, the rupee-pound parity remained unchanged for the second consecutive day amid sluggish trading trend. No change in the value of pound took place on buying and selling sides as it sustained its overnight trend of Rs 132.00 and Rs 132.50, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar against the rupee remained unchanged at currency exchange establishments of Islamabad and Rawalpindi here on Thursday.
The dollar opened at the overnight levels against the rupee at Rs 108 (buying) and Rs 108.50 (selling). In the evening, it did not observe any change and closed at the same rates. Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 135 (buying) and Rs 135.10 (selling).