RECORDER REPORT
KARACHI: The rupee was almost unmoved against the dollar on the money market on Wednesday, dealers said.
INTER-BANK MARKET RATES: The rupee was unchanged in relation to the dollar for buying and selling at Rs 124.00 and Rs 124.50, while it lost 70 paisas versus the euro for buying and selling at Rs 144.00 and Rs 146.00 respectively, they said.
OPEN MARKET RATES: The national currency managed to hold overnight levels in relation to the dollar for buying and selling at Rs 121.54 and Rs 121.55 respectively, they added.
In the fourth Asian trade, major currencies were on tenterhooks on Thursday on the eve of Washington's deadline to impose tariffs on Chinese imports while the yuan held steady after the central bank this week sought to stem its recent tumble.
The euro stood little changed at $1.1661, having found firm support near $1.15 over the past few weeks despite worries about an economic slowdown and political instability in Europe. The dollar traded at 110.48 yen, off a six-week high of 111.14 set on Tuesday.
The dollar was trading against the Indian rupee at Rs 68.855, the greenback was at 4.044 in terms of the Malaysian ringgit and the US currency was at 6.641 in relation to the Chinese yuan.
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Open Bid Rs.124.00
Open Offer Rs.124.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.121.54
Offer Rate Rs.121.55
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RUPEE IN LAHORE: The Pak rupee depreciated on buying side while it stayed unchanged on selling side in relation to the greenback in the local currency market on Thursday.
The greenback resumed trading on its overnight closing of Rs 124.00 and Rs 124.70 as its buying and selling rates, respectively. At the close, it gained 10 paisas for buying at Rs 124.10 whereas it remained firmed for selling at Rs 124.70, local currency dealers said.
Besides, the national currency failed to hold its strength versus the pound sterling. The pound's buying and selling rates rose from Wednesday's closing of Rs 162.20 and Rs 163.30 to Rs 162.50 and Rs 163.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 124.30 (buying) and Rs 124.40 (selling) against same last rate. It closed at Rs 124.30 (buying) and Rs 124.40 (selling).
