The rupee managed to recover modestly against dollar on the interbank market on smooth supply of the US currency, money expert said. The rupee recovered 13 paisa in relation to dollar for buying and selling at 84.50 and 84.55, they said.
INTERBANK MARKET RATES: In the third Asian trade Singapore dollar hit a fresh high and the South Korean won threatened to break through a 32-month peak, leading gains in their Asian peers, as Asian policymakers are expected to keep using firm currencies to fight inflation and the Federal Reserve is unlikely surprise the market later with a hawkish stance.
Foreign exchange authorities of some countries such as South Korea were suspected of buying dollars, but their intervention was not to reverse their currencies' strength but to slow it, dealers said.
Indian rupee was trading at Rs 44.51 versus dollar, Malaysian ringgit was at 2.9775 in terns of the greenback and Chinese yuan was at 6.5149 against the US currency. Inter-bank buy/sell rates for taka against dollar on Wednesday: 72.85/72.95 (previous 72.84/72.92).Call Money Rates: 5.00-7.50 percent (previous 5.00-9.00 percent).
OPEN MARKET RATES: The rupee retained the overnight levels against dollar for buying and selling at 84.50 and 84.55, they added. The rupee continued its fall versus euro, losing another 49 paisa for buying and selling at Rs 113.61 and Rs 124.11, they said.
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Open Buying Rs 84.40
Open Selling Rs 84.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Buying Rs 84.50
Selling Rs.84.55
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 11.05 11.75 11.10 11.90 11.45
1-Week 11.40 12.00 12.05 12.15 11.90
2-Week 11.60 12.40 12.45 12.50 12.24
1-Month 11.75 12.75 12.80 12.85 12.54
2-Months 12.40 13.10 13.00 13.15 12.91
3-Months 12.90 13.15 13.15 13.20 13.10
4-Months 13.00 13.25 13.30 13.35 13.23
5-Months 13.20 13.35 13.35 13.40 13.33
6-Months 13.35 13.50 13.45 13.55 13.46
9-Months 13.40 13.60 13.50 13.65 13.54
1-Year 13.45 13.60 13.55 13.65 13.56
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 11.05 11.75 11.10 11.90 11.45
1-Week 12.00 12.30 12.20 12.35 12.21
2-Week 12.20 12.50 12.50 12.60 12.45
1-Month 12.70 12.90 12.90 13.10 12.90
2-Months 13.00 13.20 13.20 13.30 13.18
3-Months 13.10 13.30 13.30 13.40 13.28
4-Months 13.25 13.50 13.40 13.60 13.44
5-Months 13.40 13.60 13.45 13.65 13.53
6-Months 13.45 13.65 13.55 13.75 13.60
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
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RUPEE IN LAHORE: The greenback remained firm, as it further appreciated its worth by 10-paisa in the local currency markets on Wednesday.
The dollar resumed trading at overnight level of Rs 84.40 and Rs 84.60 on buying and selling counters, respectively. In the wake of fresh demand of the greenback, the local currency depreciated its worth and closed at Rs 84.50 and Rs 84.70 on buying and selling sides, respectively.
Pound sterling opened at Rs 138.50 (buying) and Rs 139.20 (selling) against the previous rates. The fresh demand of the Pound also pushed up its rate and closed at Rs 139.15 (buying) and Rs 139.65 (selling).
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained unchanged against the rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar resumed trading at Rs 84.80 (buying) and Rs 85.20 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 84.80 (buying) and Rs 85.20 (selling).
Pound Sterling opened at Rs 136.15 (buying) and Rs 137.15 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.15 (buying) and Rs 137.15 (selling).
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