The rupee showed no major change against the dollar on the currency market on Wednesday, dealers said. The rupee inched up versus the dollar, gaining one paisa for buying at 97.89 while the rupee held the overnight level for selling at 97.92, experts said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee remained unchanged against the dollar for buying and selling at 99.00 and 99.25, they said. The rupee appreciated by 25 paisa versus the euro for buying and selling at Rs 129.00 and Rs 129.25, they added.
In the third Asian trade, the yen bounced back from a 3-1/2-year low versus the dollar on Wednesday as bears took profits after hefty fall. The currency still looks vulnerable to expectations of radical policy easing from the Bank of Japan. But in one sign relentless selling pressure on the yen since last November may be easing, risk reversal spreading, which gauges relative demand for put and call options, flipped towards yen calls.
The dollar was trading against the Indian rupee at Rs 54.14. It was available at 3.1060 in terms of the Malaysian ringgit and at 6.2141 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.65-78.67 (78.70-78.71). Call Money Rates: 07.00-07.50 percent (previous 06.50-07.75 percent).
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Open Bid Rs 99.00
Open Offer Rs 99.25
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs 97.89
Offer Rate Rs.97.92
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid sluggish trading on the local currency market on Wednesday.
According to the currency dealers, the dollar commenced trading at its overnight levels at Rs 99.20 and Rs 99.35 for buying and selling, respectively. The rupee did not show any change at close, the dealers said. On the contrary, the rupee remained weak and was declined against the British pound. Amid fresh buying, the pound's buying and selling rate was increased from Tuesday closing of Rs 148.00 and Rs 148.65 to Rs 148.20 and Rs 148.80, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar as the rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi on Wednesday.
The dollar opened at Rs 99.80 (buying) and Rs 99.90 (selling) against same overnight value. Buying/selling rates of dollar closed at the same rate by the end of trading session. Pound Sterling opened at Rs 154 (buying) and Rs 155 (selling) against same last rate. It closed at the same rate without further change in the evening session.
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