The rupee moved both ways against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed three paisas in relation to the dollar for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, gained 10 paisas versus the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, they said. The rupee did not depict any change in term of the euro for buying and selling Rs 114.80 and Rs 116.30, they said.
In the third Asian trade, the dollar traded below a six-week high against the yen on Wednesday, as the market awaited the Federal Reserve's policy statement for hints on the U.S. interest rate outlook, while the kiwi strengthened after strong New Zealand jobs data.
The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two-day policy meeting on Wednesday, but investors will look to see whether the central bank downplays the recent soft patch in the economy to leave the door open for a rate increase in June. The dollar was trading against the Indian rupee at Rs 64. 213, the US currency was at 4. 314 in terms of the Malaysian ringgit and the US currency was at 6.893 versus the Chinese yuan.
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Open Bid Rs.105.80
Open Offer Rs.106.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.104.83
Offer Rate Rs.104.84
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RUPEE IN LAHORE: The value of dollar showed no change against rupee on the open currency markets of Islamabad and Rawalpindi, here on Wednesday.
The dollar opened at Rs 106 (buying) and Rs 106.10 (selling), and closed at the same rate.
Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar showed no change against rupee on the open currency markets of Islamabad and Rawalpindi, here on Wednesday.
The dollar opened at Rs 106 (buying) and Rs 106.10 (selling), and closed at the same rate.
Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.
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