A kind of firmness prevailed on the currency market on Wednesday in the process of trading, dealers said. The rupee recovered six paisa versus the dollar for buying and selling at Rs 101.79 and Rs 101.81, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee followed same pattern in relation to the dollar for buying and selling at Rs 102.30 and Rs 102.50, they said. The rupee, however, lost 25 paisa against the euro for buying and selling at Rs 127.50 and Rs 127.75, they said.
In the third Asian trade, the dollar edged lower against the yen but mostly stuck to recent ranges ahead of the US Thanksgiving holiday, while the Australian dollar wallowed near four-year lows against the greenback. The dollar was trading against the Indian rupee to Rs 61.83, the greenback was at 3.3460 in terms of the Malaysian ringgit and the US currency was at 6.1341 in relation to the Chinese yuan. Interbank buy-sell rates for the taka against the dollar on Wednesday. 77.67-77.68 (previous 77.65-77.66). Call Money Rates: 06.25-08.25 percent (Previous 06.00-08.50 percent).
Open Bid Rs.102.30
Open Offer Rs.102.50
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
Bid Rate Rs.101.79
Offer Rate Rs.101.81
RUPEE IN LAHORE: The Pak rupee maintained upward in relation to the greenback on the local currency market on Wednesday.
According to the currency dealers, the dollar resumed trading on a depressed note and could not sustain due to selling pressure. At close of trading, the dollar was ended further lower at Rs 102.60 and Rs 102.85 on buying and selling side against Rs 102.75 and Rs 103.00 of Tuesday, respectively.
Similarly, the rupee showed strength and appreciated its worth against the pound sterling. The pound’s buying and selling rates were decreased from overnight closing of Rs 160.75 and Rs 161.00 to Rs 160.65 and Rs 160.90, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 102.30 (buying) and Rs 102.40 (selling) against last rate of Rs 103 (buying) and Rs 103.10 (selling). It did not observe further change in the second session and closed at Rs 102.30 (buying) and Rs 102.40 (selling).
Pound Sterling opened at Rs 159 (buying) and Rs 160 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 159 (buying) and Rs 160 (selling).