Marginal changes were seen on the currency market on Wednesday as the rupee resisted sharp losses against the dollar amid improvement in the supply of the greenback, money experts said. They said that debt payment to the International Monetary Fund (IMF) met, which eased dollar buying pressure, but it is expected that dollar supply may dry up to meet the major payments in the coming days, experts said.
INTERBANK MARKET RATES: The rupee shed one paisa in relation to the dollar for buying at 95.95 and the national currency did not show any change for selling at 95.98, they said.
OPEN MARKET RATES: The rupee picked up five paisa against the dollar for buying and selling at 96.75 and 96.95, they said. The rupee also gained 20 paisa versus the euro for buying and selling at Rs 123.00 and Rs 124.00, they added.
In the third Asian trade, the euro slid after Greece's international lenders failed to clinch a rescue deal on Greece while the yen dropped to 7-1/2-month lows against the dollar on speculation of more monetary easing in Japan.
After almost 12 straight hours of talks where traders had hoped an agreement to unblock aid funds to Athens may be reached, euro zone finance ministers ended discussion on the next tranche of loans to Greece without agreement. The dollar was trading against the Indian rupee at Rs 55.27, versus the Malaysian ringgit, the greenback was at 3.0640 and the US currency was at 6.2300 against the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 81.10-81.20 (previous 81.10-81.20). Call Money Rates: 06.00-08.00 percent (previous 06.00-09.00 percent).
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Open Buying Rs 96.75
Open Selling Rs 96.95
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs 95.95
Offer Rate Rs 95.98
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RUPEE IN LAHORE: The Pak rupee was unchanged against the greenback on the local currency market on Wednesday, dealers said.
The dollar did not show any change versus the rupee for buying and selling at Rs 96.80 and Rs 97.30, respectively. The dollar witnessed no change in its supply that helped rupee stability on buying side.
However, in the absence of buying interest, the dollar could not sustain and was slide down from Rs 97.30 to Rs 97.20 on selling side, the currency dealers said.
The rupee showed strength and recovered some of its earlier loss against the British pound. The pound remained under pressure and was closed lower at Rs 152.50 and Rs 153.20 on buying and selling counters against the last day closing of Rs 152.70 and Rs 153.30, respectively, they 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 95 (buying) and Rs 95.6 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 95 (buying) and Rs 95.6 (selling).
Pound Sterling opened at Rs 151.9 (buying) and Rs 153 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 151.9 (buying) and Rs 153 (selling).
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