The rupee moved both ways in relation to the dollar in the currency market on Wednesday, dealers said. The rupee gained three paisa versus the dollar for buying at 90.85 and it also rose by two paisa for selling at 90.90, they said.
INTER-BANK MARKET: OPEN MARKET RATES: The rupee extended its overnight losses, falling by five paisa for buying and selling at 91.40 and 91.60, they said. The rupee eroded its value versus the euro, losing 55 paisa for buying and selling at Rs 120.25 and Rs 120.75, they said.
Reuters adds: In the third Asian trade, the euro hovered near a three-week high against the dollar after euro zone sovereign debt attracted decent demand and strong earnings from Apple boosted risk appetite, while focus turned to the outcome of a Federal Reserve meeting. The euro traded at $1.3197, close to levels not seen in three weeks, after hitting the previous session's low of 1.3145. Immediate resistance is at last week's high of 1.3225.
Inter bank buy/sell rates for the taka against the dollar on Wednesday. 81.82-81.85 (previous 81.82-81.83) Call Money Rates: 7.75-14.00 percent (previous 7.50-15.00 percent). The dollar was trading against the Indian rupee at Rs 52.58, the greenback was at 3.0590 in terms of the Malaysian ringgit and the US currency versus the Chinese yuan at 6.3045.
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Open Buying Rs.91.40
Open Selling Rs.91.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Buying Rs.90.85
Selling Rs.90.90
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RUPEE IN LAHORE: The Pak rupee remained weak in relation to the greenback at the open currency markets of Lahore on Wednesday. The dollar opened at Rs 91.4 and Rs 91.5 on buying and selling counters, respectively, against Rs 91.35 and Rs 91.5 on Tuesday. In the wake of fresh buying spree for the dollar, it improved its worth and closed at Rs 91.5 and Rs 91.65 as buying and selling rates, respectively. Likewise, British Pound improved its worth against the local currency. The pound was purchased and sold at Rs 146.6 and Rs 147, respectively, as against Rs 146.5 and Rs 146.7 of Tuesday, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained uncharged at the local currency exchange establishments of Islamabad and Rawalpindi here on Wednesday. The dollar opened at Rs 91 (buying) and Rs Rs 91.20 (selling) against same overnight value. Ever-favorite greenback did not observe any further change in the second session and closed at Rs 91 (buying) and Rs 91.20 (selling).
Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same previous rate. British currency did not observe further change in the last trading hours and closed at Rs 142 (buying) and Rs 142.50 (selling).
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