The rupee almost managed to hold the present levels against the dollar on the local currency market on Wednesday, dealers said. The rupee shed one-paisa in relation to the dollar for buying and selling at Rs 98.82 and Rs 98.84 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee showed no change versus the dollar for buying and selling at Rs 98.70 and Rs 98.90, while it posted fresh gain of 70-paisa in terms of the euro for buying and selling at Rs 131.30 and Rs 131.55 respectively, they said.
In the third Asian market, the euro slipped to a nine-month low, extending its losses after data showed a sharp drop in German industrial orders, while the New Zealand dollar took a hit after a fall in dairy prices. A Singapore-based trader said investor risk aversion on concerns about the tensions in Ukraine helped to bolster the dollar broadly, and weighed on the euro.
The dollar was trading against the Indian rupee at Rs 60.85, the greenback was available at 3.1970 in terms of the Malaysian ringgit and the US currency was at 6.1697 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 77.50-77.50 (previous 77.50-77.50). Call Money Rates: 06.50-08.00 percent (previous 06.50-08.25 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
RUPEE IN LAHORE: The Pak rupee appreciated its worth in relation to the foreign currencies in the local currency markets on Wednesday.
According to the currency dealers, the dollar was opened on a depressed note and could not maintain its position because of lacking buyers’ interest. At close of trading, the dollar was ended at Rs 98.80 and Rs 99.10 on buying and selling counters, respectively, as against Rs 99.05 and Rs 99.30 of Tuesday.
Likewise, the British pound lost its worth against local currency amid low trading activity. The pound was traded at Rs 166.00 and Rs 166.80 on buying and selling counter, respectively, as against Rs 166.20 and Rs 167.00 of Tuesday, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 98.50 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (selling). Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.