THE RUPEE: dollar dips

The rupee was going ground both in interbank deals and open market trade, currency dealers said here on Wednesday. The rupee recovered a bit by gaining six paisa for buying and selling at 90.16 and 90.18.
INTERBANK MARKET: OPEN MARKET RATES: The rupee was higher by five paisa both for buying and selling at 90.30 and 90.50, respectively.
Against euro the rupee moved both way it gained 44 paisa for buying at 117.00 and lost six paisa for selling at 118, they added. Reuters report from Singapore says the Malaysian ringget was trading against dollar at 3.0780, against Chinese yuan at 6.3332 and against Japanese yen at 77.66.

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Open Buying     Rs 90.30

Open Selling    Rs 90.50

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.

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Buying          Rs 90.16

Selling         Rs.90.18

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RUPEE IN LAHORE: The Pak rupee showed stability on buying side, while it gained 10-paisa on selling side in relation to the greenback in the local currency market on Wednesday.
According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 90.20 and Rs 90.60, as its buying and selling rates, respectively. The dollar witnessed no change in its buying rate, while its selling rate was declined to Rs 90.50.
Similarly, the rupee appreciated 20-paisa on buying side but stayed unchanged on selling side against the British pound. The pound was traded at Rs 139.80 and Rs 140.80 on buying and selling counters, as compared to Tuesday closing of Rs 140.00 and Rs 140.80, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 89.00 (buying) and Rs 89.20 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 89.00 (buying) and Rs 89.20 (selling).
Pound Sterling opened at Rs 138.00 (buying) and Rs 138.90 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 138.00 (buying) and Rs 138.90 (selling).
Copyright Business Recorder, 2012