The rupee showed slight gains against the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee picked up six paisas in terms of the dollar for buying and selling at Rs 105.32 and Rs 105.36 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee was unchanged versus the dollar for buying and selling at Rs 107.30 and Rs 107.50 respectively, they said.
In line with the trend against dollar, the rupee also depicted no change in relation to the euro for buying and selling at Rs 124.00 and Rs 125.00 respectively, they said.
In the third Asian trade, the dollar bobbed above a 13-month low against a basket of major currencies, as investors awaited the US Federal Reserve's policy statement for clues on the course of its next monetary tightening.
Traders also kept an eye on the US Senate, which narrowly agreed to open debate on a bill to end Obamacare. But the wafer-thin victory on a simple procedural matter raised questions about whether Republicans will be able to muster the votes necessary to pass any of the various approaches to repeal.
In a first of the many votes likely to come this week, the plan to repeal and replace Obamacare- passage of which is needed to fund fiscal stimulus -failed to get the 60 votes needed for approval.
The dollar index, which measures the greenback against a basket of six major currencies, edged slightly higher to 94.109. On Tuesday, it fell as low as 93.638, its weakest level since June 2016.
The dollar was trading against the Indian rupee at Rs 64.420, the US currency was available at 4.282 versus the Malaysian ringgit and the greenback was at 6.756 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 80.64-80.64 (previous 80.64-80.64).
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Open Bid Rs.107.30
Open Offer Rs.107.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.105.32
Offer Rate Rs.105.36
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RUPEE IN LAHORE: The rupee-dollar parity stayed unchanged amid sluggish trend in the local currency market on Wednesday.
The demand and supply situation of the US dollar remained intact that helped the local currency stabilize during the day's trading session. Consequently, no change in its value took place on buying and selling sides as its sustained its opening rates of Rs 107.40 and Rs 107.50 respectively, local currency dealers said.
Moreover, the local currency showed mixed patterns as it moved both ways against the pound sterling. The British currency was bought and sold at Rs 139.00 and Rs 139.40 against Rs 138.85 and Rs 139.80 of Tuesday, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained strength against the rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 107 (buying) and Rs 107.10 (selling) against last rate of Rs 106.40 (buying) and Rs 106.50 (selling). It closed at Rs 107 (buying) and Rs 107.10 (selling).
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