The rupee showed slight changes against the dollar on the money market on Wednesday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee picked up one paisa in terms of the dollar for buying and selling at Rs 140.26 and Rs 140.28 respectively, they said.
OPEN MARKET RATES: The rupee maintained overnight levels versus the dollar for buying and selling at Rs 140.50 and Rs 141.00 respectively, while the rupee rose sharply in terms of the euro for buying and selling at Rs 157.60 and Rs 160.10 respectively, they said.
In the third Asian trade, the dollar edged higher on Wednesday and antipodean currencies beat a hasty retreat after the Reserve Bank of New Zealand surprised the markets by opening the door to future monetary policy easing.
The dollar index versus a basket of six major currencies was up 0.2 percent at 96.912, adding to modest gains made overnight.
The New Zealand dollar tumbled after the central bank kept interest rates at a record low of 1.75 percent and said increased downside risks to its outlook meant the next move in rates was now more likely to be a cut.
The kiwi was last down 1.5 percent at $0.6803 after hitting a 2-1/2-week trough of $0.6797. The Australian dollar retreated in sympathy with its New Zealand peer, shedding 0.4 percent to $0.7106.
The dollar was trading against the Indian rupee at Rs 68.880, the greenback was at 4.075 versus the Malaysian ringgit and the US currency was at 6.715 in relation to the Chinese yuan.
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Open Bid Rs.140.50
Open Offer Rs.141.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.140.26
Offer Rate Rs.140.28
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RUPEE IN LAHORE: The Pak rupee depreciated its worth on buying side while it remained firmed on selling side in relation to the US dollar in the local currency market on Wednesday.
According to currency dealers, the greenback gained 20 paisas and ended higher for buying at Rs 141.20 against the overnight closing rate of Rs 141.00 whereas it did not observe any change for selling at Rs 141.50.
The rupee, however, showed stability as it recovered its earlier losses versus the pound sterling. The pound's buying and selling rates slid from the Tuesday's closing of Rs 184.70 and Rs 185.70 to Rs 184.60 and Rs 185.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 5paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs140.85 (buying) and Rs 140.95 (selling) against last rate of Rs140.90 (buying) and Rs 141 (selling). It closed at Rs140.85 (buying) and Rs 140.95 (selling).
The buying and selling rates of one tola of gold was Rs. 59,400 (selling) and Rs 59,000 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.
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