In the open market, the PKR gained 50 paisa for both buying and selling against USD, closing at 287.50 and 290.50, respectively.Īgainst Euro, the PKR remained unchanged for both buying and selling, closing at 315 and 318 respectively.Īgainst UAE Dirham, the PKR gained 10 paisa for buying and lost 5 paisa for selling, closing at 78.60 and 79.35, respectively.Īgainst Saudi Riyal, the PKR gained 40 paisa for buying and 35 paisa for selling, closing at 76.10 and 76.85, respectively. Inter-bank market rates for dollar on Thursday Oil prices, a key indicator of currency parity, edged higher on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. The mood wasn’t helped by First Republic Bank’s continued slump, or the continued wrangling over an extension to the US debt ceiling. The US capital goods spending fell more than expected in the latest data overnight, adding to jitters about a downturn. ![]() The dollar index – which measures the greenback against six major peers, with the euro the most heavily weighted – was little changed at 101.41, following a 0.42% slide on Wednesday, when it touched a near two-week low of 101.00. Globally, the US dollar hovered near a one-year low versus the euro on Thursday, as Europe’s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. ![]() Market participants continue to await resumption of the International Monetary Fund (IMF) Extended Fund Facility (EFF), which has been stalled since November last year. ** NSDL data shows foreign investors sold a net $73.The rupee had remained largely stable against the US dollar on Wednesday, settling at 283.39 in the inter-bank market, which opened after a five-day gap owing to Eid holidays. ** As per NSDL data, foreign investors sold a net $44.2mln worth of Indian shares on April 25 Global oil benchmark Brent crude futures rose 0.12 per cent to USD 80.87 per barrel. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.43 per cent to 101.42. ** SGX Nifty nearest-month futures down 0.2% at 17,798 On Tuesday, the rupee closed at 81.95 against the US currency. ** Brent crude futures up 0.4% at $78 per barrel ** USD/INR May forward premium at 12 paise ** USD/INR NSE May futures settled on Wednesday at 81.8850 ** One-month non-deliverable rupee forward at 81.84 onshore one-month forward premium at 12 paise "It is possible that business fixed investment is slowing in response to higher interest rates," ANZ said in a daily note to clients. In data, new orders for key U.S.-manufactured capital goods fell more than expected in March and shipments declined. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. ![]() The dollar index slipped overnight, weighed by an upbeat euro that was near a one-year high versus as Europe's resilient economy contrasted with banking contagion risks in the United States and the debt ceiling standoff. The offshore Chinese yuan was little changed at 6.94 to the dollar, while the Korean won weakened. Asian shares struggled for direction following overnight losses on the S&P 500 Index. To maintain its momentum, the rupee will have to contend with tepid risk appetite and mixed Asian peers. ![]() "Obviously, that could quickly change if the RBI decides to intervene and not allow more downside (on USD/INR." Actual USD to INR exchange rate equal to 81.9040 Indian Rupees per 1 Dollar. "Sizeable (dollar) offers (from foreign banks) and the Reserve Bank of India not being there is making us hopeful of a breakdown (on USD/INR)," a spot trader said. The local currency on Wednesday managed a rally in the afternoon session, supported by sizeable dollar sales by two foreign banks, which some traders said were mostly IPO-related. The non-deliverable forwards indicate the rupee will open at around 81.70-81.75 to the dollar compared with 81.76 in the previous session. currency on Thursday, helped by dollar inflows, while contending with mixed Asian currencies. MUMBAI, April 27 (Reuters) - The Indian rupee will look to rise further versus the U.S.
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