RECORDER REPORT
KARACHI: The rupee showed stable trend against the dollar on the money market on Thursday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee was unchanged in relation to the dollar for buying and selling at Rs 115.61 and Rs 115.62 respectively, they said.
In the fourth Asian trade, the euro stayed near two-week highs against many of its rivals on Thursday, on rising bets the European Central Bank (ECB) may soon announce it will start winding down its massive bond purchase programme.
The central bank's chief economist Peter Praet, a close ally of President Mario Draghi, said the ECB would debate next week whether to end bond purchases later this year.
The euro strengthened against other currencies, hitting a two-week high of 1.1640 Swiss franc and 129.83 yen on Wednesday.
The dollar was trading against the Indian rupee at Rs 67.068, the greenback was at 3.973 in terms of the Malaysian ringgit and the US currency was at 6.392 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 83.70-83.70 (Previous 83.70-83.70).
OPEN MARKET RATES: The rupee did not show any change against the dollar for buying and selling at Rs 118.00 and Rs 118.50 respectively, they said. The rupee dropped sharply versus the euro for buying and selling at Rs 139.25 and Rs 140.75 respectively, they said.
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Open Bid Rs.118.00
Open Offer Rs.118.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.115.61
Offer Rate Rs.115.62
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RUPEE IN LAHORE: The Pak rupee continued decline on buying side while it remained unchanged on selling side in relation to the greenback in the local currency market on Thursday.
According to currency dealers, the greenback resumed trading on its overnight closing of Rs 118.40 and Rs 118.80 as its buying and selling rates respectively. At the close, the greenback remained under pressure for another day and further appreciated by 20 paisas for buying at Rs 118.60. However, no change in its value took place for selling, they added.
In addition, the local currency witnessed appreciation in terms of trading against the British pound. The pound's buying and selling rates slipped from Wednesday's closing of Rs 157.40 and Rs 158.30 to Rs 157.20 and Rs 158.20 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 40 paisa against the rupee at the at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs118.90 (buying) and Rs 119(selling) against last rate of Rs 118.50 (buying) and Rs 118.60 (selling). It closed at Rs 118.50 (buying) and Rs 118.60 (selling).
