The dollar improved slightly against the rupee on the money market on Thursday in the process of trading, dealers said. The rupee, however, gained two paisas in terms of the dollar for buying and selling at Rs 105.41 and Rs 105.42 respectively, they said.

INTER-BANK MARKET RATES: In the fourth Asian trade, the dollar hit a one-month high against a basket of currencies, underpinned by hopes that US President Donald Trump's administration may be making progress on tax reforms.

The dollar index, which measures the greenback against a basket of six major currencies, rose 0.2 percent to 93.575. The dollar was available versus the Indian rupee at Rs 65.77, the greenback was at 4.235 in terms of the Malaysian ringgit and the US currency was trading against the Chinese yuan at 6.669. Inter bank buy/sell rates for the taka against the dollar on Thursday: 80.80-80.80 (previous 80.80-80.80).

OPEN MARKET RATES: The rupee shed 10 paisas versus the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, they said. The rupee also dropped by 30 paisas in terms of the euro for buying at Rs 124.60 and while the local currency did not show any change for selling Rs 125.60, they said.

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Open Bid       Rs.106.10

Open Offer     Rs.106.30

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.

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Bid Rate       Rs.105.41

Offer Rate     Rs.105.42

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RUPEE IN LAHORE: The Pak rupee remained under pressure for the second consecutive day in terms of the greenback in the local currency market on Thursday.

The demand and supply situation of the greenback remained under pressure for another day amidst short supply phenomenon in the market.

Consequently, it further rose to Rs 106.30 and Rs 106.55 for buying and selling, respectively, as compared to the overnight closing trend of Rs 106.15 and Rs 106.40 respectively, local currency dealers said.

However, the local currency witnessed divergent trend as it moved both ways in relation to the pound sterling.

The British currency was bought and sold at Rs 141.70 and Rs 142.20 against Wednesday's closing rates of Rs 141.60 and Rs 142.80 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar improved against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against last rate of Rs 105.80 (buying) and Rs 105.90 (selling). It closed at Rs 106 (buying) and Rs 106.20 (selling) by the end of evening.

-Business Recorder