The rupee moved both ways against the dollar on Wednesday in the process of trading, dealers said, adding it gave up weakness versus the dollar due to slight improvement in the supply of dollar. The rupee shed one paisa against the dollar for buying and selling at Rs 104.81 and Rs 104.83 respectively, they said.
INTERBANK MARKET RATES: In the third Asian trade, the dollar retreated from an 11-month high against a basket of currencies, taking a breather from a week-long rally driven by a rise in US bond yields after Donald Trump won the presidential election. The dollar index slipped about 0.2 percent to 99.989, easing from Tuesday's high of 100.26, the strongest level since last December. A move above 100.51 would take the index to its highest since April 2003.
The dollar was trading against the Indian rupee at Rs 67.72, the greenback was available at 4.3450 versus the Malaysian ringgit and the US currency was at 6.8694 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 78.57-78.58 (previous 78.53-78.56).
OPEN MARKET RATES: The rupee recovered 10 paisas in terms of the dollar for buying and selling at Rs 106.40 and Rs 106.60 respectively, they said, adding it also gained 50 paisas in relation to the euro for buying and selling at Rs 114.00 and Rs 115.50 respectively.
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Open Bid Rs.106.40
Open Offer Rs.106.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.104.81
Offer Rate Rs.104.83
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RUPEE IN LAHORE: The Pakistani rupee recovered five paisas on buying side while stayed unchanged on selling side against the US dollar in the local currency market on Wednesday.
According to currency dealers, the US dollar resumed at its overnight closing of Rs 106.70 and Rs 106.85 as its buying and selling rates, respectively. In the absence of buyers' interest, the dollar slightly slipped down to Rs 106.65 on buying counter. However, its opening rates prevailed till close of trading on selling counter, respectively, they said.
Moreover, the rupee-pound parity remained unchanged amid sluggish trading trend in the market. The pound did not observe any change in its demand and supply situation which helped local currency stabilise. As a result, its opening rates continued to prevail till close of trading at Rs 132.00 and Rs 133.00, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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