The rupee almost maintained its overnight levels against the dollar on the money market on Wednesday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee managed to sustain its levels versus the dollar for buying and selling at Rs 101.94 and Rs 101.95 respectively, they said.
OPEN MARKET RATES: The rupee was unchanged in relation to the dollar for buying and selling at Rs 102.30 and Rs 102.50 respectively, however it shed 10-paisa in terms of the euro for buying and selling at Rs 109.60 and Rs 109.85 respectively, they said.
In the third Asian trade, the dollar slipped versus the yen at the start of a new quarter on Wednesday, as a soft reading on Japanese business sentiment dented Tokyo shares and helped bolster the safe haven yen.
“Dollar/yen has led this move today and I think it’s basically trading off the back end of the Nikkei,” said Stephen Innes, senior trader for FX broker Oanda in Singapore.
The dollar was trading against the Indian rupee at Rs 62.50, the greenback was at 3.6810 in terms of the Malaysian ringgit and the US currency was at 6.1959 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.50-8.00 percent (Previous 07.50-08.00 percent.
Open Bid Rs.102.30
Open Offer Rs.102.50
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
Bid Rate Rs.101.94
Offer Rate Rs.101.95
RUPEE IN LAHORE: The Pak rupee showed weakness and depreciated its worth by 30-paisa on buying side (Rs 102.50) and 40-paisa on selling side (Rs 102.75) in relation to the greenback on the local currency market on Wednesday.
Currency dealers said the dollar resumed trading on a positive note at Rs 102.35 and 102.65 on buying and selling counters, respectively, as against Rs 102.20 and Rs 102.35 of Tuesday. During Wednesday’s trading, the local currency remained under pressure. At close, the dollar was ended higher at Rs 102.50 and Rs 102.75 as its buying and selling rates, respectively.
On the other hand, the British pound remained under pressure against the local currency. The pound was traded at Rs 150.60 and Rs 151.50 on buying and selling counters, respectively, as compared with overnight closing of Rs 151.15 and Rs 151.40, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).