Firmness prevailed on the currency market on Wednesday as the rupee inched up versus the dollar in process of easy supply of dollars, dealers said. The rupee moved up by one-paisa in relation to the dollar for buying at 94.53 and it also gained three-paisa for selling at 94.55, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee retained its overnight levels against the greenback for the second for buying and selling at 94.65 and 94.85, they said. While, the rupee lost 50-paisa in relation to the euro for buying and selling at Rs 123.60 and Rs 124.60, they added.
In the third Asian trade, the yen fell to one-month low against the dollar on Wednesday after the Bank of Japan eased policy further, stepping up its asset purchases by a bigger-than-expected 10 trillion yen ($126 billion).
Interbank buy/sell rates for the taka against the dollar on Wednesday: 81.59-81.75 (previous 81.60-81.82). Call Money Rates: 10.00-10.00 percent (previous 04.50-11.25 percent). The dollar was trading against the Indian rupee at Rs 54.02, the greenback was at 3.0555 versus the Malaysian ringgit, and the US currency was available at 6.3123 in terms of the Chinese yuan.
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Open Buying Rs.94.65
Open Selling Rs.94.85
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.94.53
Offer Rate Rs.94.55
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RUPEE IN LAHORE: The Pak rupee recovered its earlier loss and was improved by 10-paisa on buying side and 25-paisa on selling side in relation to the greenback in the local currency market on Wednesday.
According to the currency dealers, the dollar remained under pressure throughout the day in the absence of buying support. At the end of trading, the dollar was closed lower at Rs 904.70 and Rs 94.85 on buying and selling counters against the Tuesday closing of Rs 94.80 and Rs 95.10, respectively.
Similarly, the rupee showed strength and was appreciated against the British pound. The pound's buying and selling rates were declined from the overnight closing of Rs 152.90 and Rs 153.50 to Rs 152.70 and Rs 153.40, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Wednesday. The dollar opened at Rs 94.2 (buying) and Rs 94.3 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.2 (buying) and Rs 94.3 (selling). Pound Sterling opened at Rs 146 (buying) and Rs 146.5 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.5 (selling).
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