INTER-BANK MARKET RATES: In the fourth Asian trade, the dollar recovered ground on Thursday, drawing relief from positive labour market data and the White House saying Canada and Mexico, and possibly other countries, may be exempted from planned US import tariffs on steel and aluminium.
Elsewhere on the currency markets, the euro trod water ahead of a European Central Bank meeting, later in the day, that is expected to leave policy rates unchanged for now, but may provide clues to the future.
The dollar had weakened sharply following the resignation on Tuesday of Gary Cohn, the top economic advisor to the White House who was seen as a bulwark against protectionism in President Donald Trump's administration.
The dollar was trading against the Indian rupee at Rs 64.905, the greenback was available at 3.906 versus the Malaysian ringgit and the US currency was at 6.3206 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 82.96-82.96 (Previous 82.96-82.96).
OPEN MARKET RATES: The rupee dropped by 10 paisas in terms of the dollar for buying and selling at Rs 111.80 and Rs 112.10 respectively, they said.
The rupee, however, gained 25 paisas against the euro for buying and selling at Rs 137.25 and Rs 138.75 respectively, they added.
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Open Bid Rs.111.80
Open Offer Rs.112.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs.110.57
Offer Rate Rs.110.58
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RUPEE IN LAHORE: The Pak rupee maintained divergent trend for the second consecutive day in relation to the greenback in the local currency market on Thursday.
According to currency dealers, the greenback continued moving both ways throughout the trading session amidst fluctuating demand and supply condition. At the close, it was ended at Rs 111.50 and Rs 112.00 for buying and selling, respectively, as compared to the overnight closing of Rs 111.55 and Rs 111.85 respectively, they added.
In addition, the national currency remained under pressure for another day in terms of trading against the pound sterling.
Resultantly, the pound's buying and selling rates further rose from Wednesday's closing of Rs 153.35 and Rs 154.00 to Rs 153.50 and Rs 154.50 respectively, they said.
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 111.90 (buying) and Rs 112 (selling) against same last rate. It closed at Rs 111.90 (buying) and Rs 112 (selling).