The rupee moved both sides against the dollar on the local currency market on Wednesday, dealers said. The rupee lost eight-paisa versus the dollar for buying and selling at Rs 101.73 and Rs 101.75 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee extended overnight gains, picking up five-paisa in terms of the dollar for buying and selling at Rs 102.20 and Rs 102.40 respectively. It also rose by 75-paisa in terms of the euro for buying and selling at Rs 126.25 and Rs 126.50 respectively, they said.
In the third Asian trade, the dollar hit a seven-year peak against the yen, following a rise in US bond yields and Federal Reserve officials’ mostly upbeat comments on the outlook for the US economy.
The greenback also rose against the Australian dollar, which slid to a four-year low after data showed Australia’s economy unexpectedly slowed last quarter, prompting markets to price in more chances of an interest rate cut. Against the yen, the dollar climbed to 119.44 yen on trading platform EBS, its strongest level since August 2007. The dollar last traded at 119.35 yen, up 0.1 percent on the day.
The dollar was available at Rs 61.93 in terms of the Indian rupee, the US currency was trading versus the Malaysian ringgit at 3.4390 and the greenback was at 6.1500 against the Chinese yuan. Inter bank buy-sell rates for the taka against the dollar on Wednesday: 77.79-77.79 (previous 77.72-77.77). Call Money Rates: 06.00-08.25 percent (Previous 05.75-08.25 percent) (revised).
Open Bid Rs.102.20
Open Offer Rs.102.40
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
Bid Rate Rs.101.73
Offer Rate Rs.101.75
RUPEE IN LAHORE: The Pak rupee-dollar parity stayed unchanged amid sluggish trading trend on the local currency market on Wednesday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 102.40 and Rs 102.65 as its buying and selling rate, respectively. The dollar did not observe any change in its rate during the day’s trading, as opening rates continued to prevail till close of trading, the dealers said.
On the contrary, the rupee staged recovery and was appreciated against the British pound. The pound was traded at Rs 159.75 and Rs 160.00 on buying and selling counter compared with Tuesday closing of Rs 160.75 and Rs 161.00, 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 102.30 (buying) and Rs 102.40 (selling) against same overnight rate. 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).