The rupee halted further decline against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed one paisa against the dollar for buying and selling at Rs 105.53 and Rs 105.55, they said.
INTERBANK MARKET RATES: In the third Asian trade, the US dollar edged back toward multi-month highs, taking back some ground lost when bulls got cold feet after data showed US manufacturing contracted in November for the first time in three years. The dollar index inched up about 0.1 percent to 99.894, after skidding below an 8-1/2-month high of 100.310 set on Monday - a high within a few ticks of its 12-year peak of 100.390 set in March.
The dollar was trading against the Indian rupee at Rs 66.63, the greenback was at 4.2215 in terms of the Malaysian ringgit and the US currency was at 6.3987 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.95-78.95 (previous 78.94-78.95.
OPEN MARKET RATES: The rupee showed no change in terms of the dollar for buying and selling at Rs 107.10 and Rs 107.40, they added. While, the rupee was inert versus the euro for buying and selling at Rs 113.00 and Rs 114.00, they added.
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Open Bid Rs.107.10
Open Offer Rs.107.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.105.53
Offer Rate Rs.105.55
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RUPEE IN LAHORE: The rupee showed weakness on buying while remained stagnant on selling against the dollar on local money market on Wednesday.
It resumed trading at its day earlier closing at Rs 107.50 and Rs 107.80 as its buying and selling rates though hardly see any change its buying rate ending at Rs 107.60. That of its selling stayed glued to its Monday closing of Rs 107.80.
The good news was that the rupee did manage to recover against the pound sterling trading at Rs 160.20 and Rs 160.90 on the buying and selling sides as compared with the overnight closing of Rs 160.60 and Rs 161.30.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar managed to keep rising trend against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling). Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
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