The rupee extended overnight fall against the dollar on the money market on Wednesday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee, however, picked up two paisas against the dollar for buying at Rs 105.41 and it was down by two paisas for selling at Rs 105.43, they said.
In the third Asian trade, Speculation that President Donald Trump's tax overhaul plan would stall kept the dollar below a recent 10-week peak against major currencies, and the euro held near a 12-day high as political tensions over Catalonia receded slightly.
The euro was flat at $1.1808 after touching $1.1828, its highest since Sept. 29, thanks partly to upbeat euro zone economic indicators that have helped it rally from a seven-week low of $1.1669 on Friday.
The euro's rally strengthened after Catalan leader Carles Puigdemont on Tuesday proclaimed the region's independence from Spain but said the effects would be postponed to allow for talks, averting an immediate crisis.
The dollar index against a basket of six major currencies was steady at 93.282 on Wednesday, having come back from a 10-week peak of 94.267 on Friday.
The dollar was trading against the Indian rupee at Rs 65.27, the greenback was at 4.214 in relation to the Malaysian ringgit and the US currency was at 6.578 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 80.80-80.80 (previous 80.80-80.80).
OPEN MARKET RATES: The rupee dropped 30 paisas versus the dollar for buying and selling at Rs 107.10 and Rs 107.30 respectively, they said.
The rupee slid 60 paisas in relation to the euro for buying Rs 126.00 and it also lost 85 paisas for selling at and Rs 127.25 respectively, they said.
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Open Bid Rs.107.10
Open Offer Rs.107.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.105.41
Offer Rate Rs.105.43
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RUPEE IN LAHORE: The Pakistani rupee remained under pressure for the third consecutive day against the major currencies including the American dollar and British pound in the local currency market on Wednesday.
According to currency dealers, the trading activity of the US dollar resumed on a positive note for another day and continued to keep going up throughout the trading session. Following the short supply phenomenon, it further rose to Rs 107.20 and Rs 107.40 for buying and selling, respectively, as compared to the overnight closing trend of Rs 107.10 and Rs 107.25 respectively, they added.
Similarly, the local currency also followed the same suit in terms of the pound sterling for another day. Consequently, the pound's buying and selling rates went up from Tuesday's closing of Rs 140.30 and Rs 141.00 to Rs 140.70 and Rs 141.70 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 106.70 (buying) and Rs 107 (selling) against same last rate. It closed at Rs 106.70 (buying) and Rs 107 (selling).
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