The rupee fell slightly against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed four-paisa in terms of the dollar for buying and selling at Rs 102.76 and Rs 102.78 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also drifted lower in relation to the greenback, losing five-paisa for buying and selling at Rs 102.35 and Rs 102.55 respectively, while it gained 55-paisa in relation to the euro for buying and selling at Rs 131.20 and Rs 131.45 respectively, they said.
In the third Asian trade, the yen edged higher after Japanese Prime Minister Shinzo Abe reportedly voiced concern about the economic impact of the currency’s recent weakness. The dollar slipped 0.3 percent on the day to 108.55 yen after Jiji news service quoted Abe as saying he would carefully watch the impact of the yen’s recent weakness on Japanese regional economies.
The dollar was trading against the Indian rupee at Rs 60.97, the greenback was at 3.2430 versus the Malaysian ringgit and US currency was available at 6.135 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 06.50-08.25 percent (Previous 06.40-08.25 percent).
Open Bid Rs 102.35
Open Offer Rs.102.55
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
Bid Rate Rs.102.76
Offer Rate Rs.102.78
RUPEE IN LAHORE: The Pak rupee failed to maintain upward slide, as it was declined by five-paisa against the US dollar on the local currency market on Wednesday.
According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 102.60 and Rs 102.85 as its buying and selling rates, respectively. Because of fresh buying, the dollar’s rate was moved up and closed at Rs 102.65 and Rs 102.90 on buying and selling side, respectively, the dealers said.
Similarly, the rupee remained under pressure and was further depreciated against the British pound. The pound was traded at Rs 167.75 and Rs 168.00 on buying and selling counter compared with Tuesday closing of Rs 167.55 and Rs 167.80, respectively, they added.
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 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against. Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).