The rupee managed to hold almost present levels against the dollar on the money market on Wednesday in the process of trading activity, dealers said.
The rupee also did not budge any side in terms of the euro for buying and selling at Rs 170.50 at Rs 172.50 respectively, they added.
In the third Asian trade, Worries about a slowing US economy and the possibility of further interest rate cuts in the wake of weak US manufacturing data kept the dollar pinned down on Wednesday, as investors sought shelter elsewhere.
The greenback steadied or fell against most major currencies, after dropping from a two-year high overnight when data showed the US manufacturing activity contracted at the fastest pace in more than a decade in September.
The dollar was trading at 4.190 against the Malaysian ringgit.
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Open Bid Rs 156.00
Open Offer Rs 156.50
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Bid Rate Rs 156.34
Offer Rate Rs 156.36
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According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 156.20 and Rs 156.45 against the opening trend of Rs 156.00 and Rs 156.40 respectively.
Furthermore, the national currency showed divergent trend as it moved both ways versus the pound sterling. The British currency was bought and sold at Rs 191.20 and Rs 192.20 against the Tuesday's closing rate of Rs 191.40 and Rs 192.10 respectively, they added.
The dollar opened at Rs 156.60 (buying) and Rs 156.70 (selling) against last rate of Rs 156.70 (buying) and Rs 156.80 (selling).
It closed at Rs 156.60 (buying) and Rs 156.70(selling).
The buying and selling rates of one tola of gold were Rs. 69,100 (selling) and Rs 69,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.