RECORDER REPORT
KARACHI: The rupee moved both ways against the dollar on the currency market on Thursday in the process of trading, dealers said.
Some analysts were of the opinion that recent political uncertainties in the county may be a leading reason of the rupee's decline versus the dollar. They said that if issues settled, the rupee may recover it's losses in times to come.
INTER-BANK MARKET RATES: The rupee drifted lower against the dollar, losing 25 paisa for buying and selling at Rs 101.10 and Rs 101.15, they said.
OPEN MARKET RATES: The rupee, however, 20 paisa against the dollar for buying at Rs 100.70 and it also gained 15 paisa for selling at Rs 100.95, they said. The rupee picked up 40 paisa versus the euro for buying and selling at Rs 133.10 and Rs 133.35, they said.
In the fourth Asian trade, the US dollar traded at 11-month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish. The Australian dollar extended its losses after a preliminary survey of China's manufacturing sector showed growth slowing to a three-month low.
The dollar was trading against the Indian rupee at Rs 60.63, the US currency was available at 3.1710 in terms of the Malaysian ringgit and the greenback was at 6.149 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday. 77.43-77.44 (previous 77.43-77.44) Call Money Rates: 05.50-07.00 percent (previous 05.40-07.00 percent).
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Open Bid Rs.100.70
Open Offer Rs.100.95
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.101.10
Offer Rate Rs.101.15
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RUPEE IN LAHORE: The greenback maintained its upward march in relation to the Pak rupee on the local currency market on Thursday.
According to the currency dealers, the greenback opened at Rs 100.30 (buying) and Rs 100.60 (selling) against Rs 100.25 and Rs 100.50 of Wednesday. In the wake fresh buying activity, the dollar appreciated its value and was closed at Rs 100.50 and Rs 101.00, respectively.
On the other hand, the British pound was purchased and sold at Rs 166.50 and Rs 167.50, respectively, as against Rs 166.25 and Rs 166.50 on Wednesday.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 100.50 (buying) and Rs 100.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 100.50 (buying) and Rs 100.60 (selling).
Pound Sterling opened at Rs 166 (buying) and Rs 166.50 (selling) against same last rate. It did not observe any further fluctuation by the end of the day and closed on the same rates.
Kerb buying and selling rate of US dollar
RECORDER REPORT
KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (August 21, 2014).
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Open Bid Rs.100.70
Open Offer Rs.100.95
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Dollar's rate in interbank market
RECORDER REPORT
KARACHI: Interbank closing rates for dollar on Thursday (August 21, 2014).
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Bid Rate Rs.101.10
Offer Rate Rs.101.15
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