The rupee moved with little changes versus the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee shed 3 paisas against the dollar for buying at Rs 132.68 while it was unchanged for selling at Rs 132.70, dealers said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee was almost inert in relation to the dollar for buying at Rs 132.20 while it showed 10 paisas rise for selling at Rs 132.60, they said. The domestic currency, however, lost Rs 1.65 in terms of the euro for buying and selling at Rs 151.00 and Rs 153.00 respectively, they said.
In the third Asian trade, the dollar seesawed versus the euro and yen in a volatile session as traders scanned US midterm election results for early insights into the prospect of Congressional gridlock.
The Democratic Party is expected to win control of the US House of Representatives, with the Republicans seen likely to keep their majority in the Senate.
A split Congress may hurt the dollar temporarily: a Democratic win in one or both chambers is likely to be seen as a repudiation of President Donald Trump and the policies which have boosted corporate growth.
The dollar index, a gauge of its value versus six major peers, lost 0.2 percent to trade at 96.12.
The dollar was trading against the Malaysian ringgit at 4.165 and the greenback was available at 6.930 versus the Chinese yuan.
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Open Bid Rs.132.20
Open Offer Rs.132.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.132.68
Offer Rate Rs.132.70
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RUPEE IN LAHORE: The Pak rupee stayed unchanged on buying side while it depreciated on selling side in relation to the greenback in the local currency market on Wednesday.
According to currency dealers, the greenback firmly held its opening trend for buying at Rs 131.50 whereas it remained under pressure and further depreciated by 20 paisas for selling at Rs 132.70 against the overnight closing rate of Rs 132.50.
Moreover, the rupee maintained declining trend for the third consecutive day against the pound sterling. Consequently, the pound's buying and selling rates further rose from Tuesday's closing of Rs 170.50 and Rs 172.00 to Rs 171.50 and Rs 173.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 30 paisas against the rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 132.20 (buying) and Rs 132.30 (selling) against last rate of Rs 131.90 (buying) and Rs 132 (selling). It closed at Rs 132.20 (buying) and Rs 132.30(selling).
The buying and selling rates of gold were Rs 59,750 (selling) and Rs 59,500 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.
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