The rupee fell slightly against the dollar on the interbank market on Wednesday, while it showed no change on the open market in process of trading, dealers said. The rupee continued its decline in relation to the dollar, shedding three paisa for buying and selling at 90.77 and 90.79, they said.
INTERBANK MARKET: OPEN MARKET RATES: The rupee maintained its overnight levels against the dollar for buying and selling at 90.90 and 91.10, they said. The rupee also retained its last levels in terms of the euro for buying and selling at Rs 119.30 and 120.30, they said.
In the third Asian trade, the euro edged higher against the dollar on short-covering, while the yen was mostly weaker with traders eager to add to bearish bets against the Japanese currency. The yen dipped to a fresh five-month low versus the euro and hit a nine-month trough against sterling, staying on the defensive in the wake of the Bank of Japan's monetary easing last month. The euro rose 0.4 percent to 1.3273 dollars, after climbing to 1.32835 dollars at one point, its highest level since March 8.
The Indian rupee fell to its weakest level in two weeks on Wednesday, despite upbeat sentiment in local stocks and suspected dollar sales by the central bank to shore up the domestic currency. The rupee ended at 50.66/67 to the dollar, close to its low of 50.68, a level last seen on March 7, and weaker than Tuesday's close of 50.39/40.
Interbank buy/sell rates for the taka against the dollar on Wednesday 81.78-81.80 (previous 81.74-81.80). Call Money Rates: 11.00-12.00 percent (previous 07.00-12.50 percent). The dollar was trading versus the Malaysian ringgit at 3.0760 and it was available at 6.3258 against the Chinese yuan.
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Open Buying Rs 90.90
Open Selling Rs.91.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Buying Rs.90.77
Selling Rs.90.79
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RUPEE IN LAHORE: The Pak rupee was marginally declined by five-paisa on buying side while it stayed unchanged on selling side against the greenback in the open currency market on Wednesday. According to the currency dealers, the dollar commenced trading at its overnight closing of Rs 90.80 and Rs 91.10 as its buying and selling rates, respectively. The dollar witnessed invisible change in its value during the day's trading but at the end of trading, it was closed marginally higher at Rs 90.85 on buying counter while its selling rate remained unchanged at Rs 91.10. However, the rupee-pound sterling parity remained unchanged amid low trading activity in the local market. The pound was traded at its Tuesday closing of Rs 143.00 and Rs 143.80 on buying and selling sides, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 91 (buying) and Rs 91.20 (selling) against same previous rate. It 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. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).
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