The rupee, somehow, managed to hold the commanding position in terms of the dollar and euro on the local currency market on Wednesday, dealers said. The rupee rose by 15-paisa in relation to the dollar for buying at Rs 98.63 and it also picked up 15-paisa for selling at Rs 98.65, dealers said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee appreciated by five-paisa against the dollar for buying and selling at Rs 99.25 and Rs 99.40, dealers said. The national currency also gained one rupee in terms of the euro, for buying and selling at Rs 135.75 and Rs 136.00, they said.
In the third Asian trade, the euro languished near five-week lows against the dollar, having come under renewed pressure as markets grow more convinced the European Central Bank (ECB) will ease policy next month. The euro inched up 0.1 percent to about $1.3715, staying within sight of Tuesday's low near $1.3688. A break below the April 4 trough of $1.3672 would take it back to levels not seen since late February.
The dollar was at Rs 59.68 versus the Indian rupee, the greenback was available at 3.2230 against the Malaysian ringgit and the US currency was trading in relation to the Chinese yuan at 6.2275. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 77.6425-77.6500 (77.6450-77.6500). Call Money Rates: 05.50-07.25 percent (previous 05.50-07.25 percent).
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Open Bid Rs.99.25
Open Offer Rs.99.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.98.63
Offer Rate Rs.98.65
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RUPEE IN LAHORE: The Pak rupee recovered its day earlier loss and gained 10-paisa against the greenback on the local currency market on Wednesday.
According to the currency dealers, the dollar was opened on a depressed note and could not sustain due to lacking buying support. At close, the dollar was ended at Rs 99.40 and Rs 99.65 as its buying and selling rates against Rs 99.50 and Rs 99.75 of Tuesday, respectively.
However, the Pak rupee-pound sterling parity stayed unchanged amid low trading activity. The pound was traded at its overnight closing of Rs 167.00 and Rs 167.25 on buying and selling counter, respectively, the dealers said.
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 98.50 for buying and Rs 98.60 for selling against same last rate. It did not observe further change in the second session and closed at Rs 98.50 for buying and Rs 98.60 for selling. Pound Sterling opened at Rs 165 for buying and Rs 165.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.
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