OPEN MARKET RATES:
INTER-BANK MARKET RATES: Range-bound trading activity was again witnessed as the rupee did not fluctuate sharply in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55.
Explaining the rupee's performance in relation to the dollar, some experts said that the rupee managed to sustain present levels in relation to the dollar.
Balanced demand and supply of dollars did not allow the rupee react sharply and it looks that the rupee may not fall sharply in the coming days, experts said.
According to reports, the State Bank of Pakistan (SBP) last Friday raised its policy rate by 25 basis points to 6 percent to pre-empt overheating of the economy and inflation breaching its target rate.
How the currency market would react to the raise made by the SBP, it has to be observed, they said.
OPEN MARKET RATES: On Monday, the rupee held the last level versus the dollar for buying Rs 112.00, while the national currency shed 10 paisas for selling at Rs 112.40.
While, the rupee picked up 35 paisas in terms of the euro for buying and selling at Rs 136.60 and Rs 138.60, they added.
On Tuesday, the rupee dropped by 10 paisas against the dollar for buying Rs 112.10, while the national currency shed five paisas for selling at Rs 112.45. The rupee gave up 19 paisas in terms of the euro for buying and selling at Rs 136.70 and Rs 138.70.
On Wednesday, the rupee dropped by 10 paisas against the dollar for buying Rs 112.10, while the national currency shed five paisas for selling at Rs 112.45. The rupee lost Rs 1.10 in terms of the euro for buying and selling at Rs 137.80 and Rs 139.80.
On Thursday, the rupee lost 10 paisas versus the dollar for buying at Rs 112.20 and the national currency fell by five paisas for selling Rs 112.50, the rupee lost 60 paisas in terms of the euro for buying and selling at Rs 138.40 and Rs 140.40.
On Friday, the rupee was unchanged against the dollar for buying and selling at Rs 112.20 and Rs 112.50, they said. While, the rupee lost Rs 1.10 in terms of the euro for buying and selling at Rs 139.50 and Rs 141.50.
On Saturday, the rupee failed to maintain firmness in terms of the dollar, shedding 10 paisas for buying and selling at Rs 112.30 and Rs 112.60, they said. The rupee, however, gained 10 paisas in terms of the euro for buying and selling at Rs 139.00 and Rs 141.00, they added.
INTER-BANK MARKET RATES: On January 22, the rupee sustained its week-end levels in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55, they said. On January 23, the rupee managed to keep last levels in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55.
On January 24, the rupee did not move any side in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55, they said. On January 25, the rupee held overnight levels in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55. On January 26, the rupee held overnight levels in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55.
OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trade, the dollar regained some footing on Monday after slipping earlier on a US government shutdown, supported by higher Treasury yields, while investors took a relatively calm view of the Washington wrangling.
The dollar's index against a basket of six other major currencies initially dipped to hit 90.155 but was last up 0.07 percent at 90.634, managing to hold above the three-year trough of 90.113 set on Thursday.
The euro was mostly flat at $1.2227 after dipping to$1.2275, and failing to regain a three-year peak of $1.2323 that it scaled on Wednesday.
The dollar was trading against the Indian rupee at Rs 63.913, the greenback was at 3.939 against the Malaysian ringgit and the US currency was 6.408 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday. 82.90-82.90 (Previous 82.88-82.88).
In the second Asian trade, the yen ticked up slightly on Tuesday after the Bank of Japan kept monetary policy unchanged as expected but made tweaks to its views on inflation that some trader say pointed to a slightly less pessimistic central bank view on consumer prices.
The dollar had recovered from earlier losses after US senators struck a deal to lift a three-day government shutdown but it remained mired near a three-year low against a basket of currencies on lingering concerns about its yield advantage being chipped away.
The greenback fell 0.2 percent to 110.74 yen, edging near last week's four-month low of 110.19, after the BOJ maintained its policy and its economic and price projections.
The dollar was trading against the Indian rupee at Rs 63.785, the greenback was at 3.926 in relation to the Malaysian ringgit and the US currency was at 6.399 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday. 82.90-82.90 (Previous 82.90-82.90).
In the third Asian trade, the dollar touched a four-month low against the yen on Wednesday, pressured by simmering concerns that the US currency's yield advantage will start to erode as major central banks head toward unwinding their massive stimulus.
The yen has gained a lift in recent weeks, after the Bank of Japan trimmed its buying of long-dated government bonds in market operations earlier this month, sparking speculation of an eventual exit from its large stimulus.
The dollar was available at Rs 63.643, the greenback was at 3.915 in terms of the Malaysian ringgit and the US currency was trading at 6.391
Inter bank buy/sell rates for the taka against the dollar on Wednesday. 82.90-82.90 (Previous 82.90-82.90).
In the fourth Asian trade, the dollar skidded to a three-year low against its peers on Thursday after caving on comments by US Treasury secretary Steven Mnuchin that he welcomed a weaker currency, while the euro was firm ahead of the European Central Bank's policy decision.
The single currency extended its overnight rally to $1.2425, up 0.15 percent and going as high as $1.2428, its strongest since December 2014.
The dollar slumped after Mnuchin told the World Economic Forum in Davos on Wednesday that "obviously a weaker dollar is good for us as it relates to trade and opportunities." His comments were seen by markets as a departure from traditional US currency policy.
The dollar was trading against the Indian rupee at Rs 63.523, the greenback was at 3.899 in terms of the Malaysian ringgit and the US currency was at 6.329 in relation to the Chinese yuan.
The dollar was trading against the Indian rupee at Rs 63.523, the greenback was at 3.899 in terms of the Malaysian ringgit and the US currency was at 6.329 in relation to the Chinese yuan.
In the final Asian trade, The dollar traded above its recent lows against major rivals on Friday, having bounced after US President Donald Trump said he wanted a "strong dollar", contradicting earlier comments made by Treasury Secretary Steven Mnuchin.
Trump told CNBC in an interview in Davos, Switzerland, on Thursday that he ultimately wants the dollar to be strong, adding that Mnuchin's comments had been misinterpreted.
The dollar's bounce pulled the euro away from three-year highs and knocked sterling off its strongest levels since June 2016. The dollar index has slid more than 3 percent so far in January.
Some market participants doubted whether Trump's comments would be enough to change the recent trend of dollar weakness.
The market forces, fundamentals all suggest that the dollar should weaken over the course of 2018," said Roy Teo, investment strategist for LGT Bank in Singapore.
The dollar was trading against the Malaysian ringgit at.873 and the greenback was at 6.329 versus the Chinese yuan.
The dollar remained weak against a basket of currencies on Friday, bruised by comments by senior US officials this week backing a weak dollar, and was on pace for its worst weekly fall since June.
The dollar index, which measures the greenback against a basket of six major currencies, was down 0.33 percent at 89.1 and on track for a weekly fall of 1.6 percent.
President Donald Trump's comments on Thursday that he wanted a "strong dollar," a day after Treasury Secretary Steven Mnuchin said a weaker greenback would help US trade balances in the short term, failed to put a lid on volatility and keep dollar bears in check.
The euro was up 0.15 percent against the greenback at $1.2413, after hitting a more than three-year high of $1.2536 on Thursday.
"$1.25 in euro-dollar is a critical level and it's got a lot of sticker shock associated with it," said Greg Anderson, global head of FX strategy at BMO Capital Markets.
"There were probably a lot of options barriers and lots of stops up there that people would love to take out. You would expect to see acceleration in volatility," he said.