The rupee's value versus the dollar was almost unchanged on the money market on Wednesday in the process of trading, dealers said. The rupee recovered two paisas in relation to the greenback for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
INTER-BANK MARKET RATES: In the third Asian trade, the dollar pared earlier losses against the yen and euro and edged up, as US debt yields resumed their ascent. The greenback's gains were limited, however, as traders braced for a meeting by the Organization of the Petroleum Exporting Countries (Opec) later in the day which could spark volatility in financial markets and weigh on the US currency.
The dollar rose 0.3 percent to 112.690 yen after going as low as 112.060. It surged to 113.340 overnight on robust revised US GDP data but had failed to sustain the gains as US yields, a key driver of the dollar recently, initially pulled back from 16-month highs before rising in Asia on Wednesday. The euro was down 0.2 percent at $1.0632 following a rise to $1.0660. It had gained 0.3 percent overnight.
The rupee was trading against the Indian rupee at 68.62, the greenback was at 4.4640 in terms of the Malaysian ringgit and the US currency was at 6.8857 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 78.75-78.75 (previous 78.71-78.72).
OPEN MARKET RATES: The rupee held the overnight levels in term of the greenback for buying and selling at Rs 107.60 and Rs 107.90 respectively, while the local currency lost 80 paisas against the euro for buying and selling at Rs 114.80 and Rs 115.80 respectively, dealers said.
========================
Open Bid Rs.107.60
Open Offer Rs.107.90
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
========================
Bid Rate Rs.104.83
Offer Rate Rs.104.84
========================
RUPEE IN LAHORE: The Pakistani rupee remained under pressure against the major currencies including the US dollar and British pound in the local currency market on Wednesday.
According to currency dealers, the US dollar commenced trading on a healthy note and kept moving up due to the presence of buyer' interest in the market. At the close, the dollar further ended higher at Rs 108.25 and Rs 108.50 on buying and selling rates, respectively, as compared to Tuesday's closing rates of Rs 107.70 and Rs 107.90, respectively, they added.
Similarly, the local currency failed to sustain its worth versus the pound sterling. The pound's buying and selling rates improved from the day earlier closing rates of Rs 133.50 and Rs 134.30 to Rs 133.80 and Rs 134.70, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar showed an increase of Rs 1 against the Pak rupee at local currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 108 (buying) and Rs 108.10 (selling) against Rs 107 (buying) and Rs 107.10 (selling). It did not observe further change in evening session and closed at Rs 108 (buying) and Rs 108.10 (selling).
Pound Sterling opened at Rs 135 (buying) and Rs 135.20 (selling). It did not observe further change in the second session and closed at Rs 135 (buying) and Rs 135.20 (selling).
Comments
Comments are closed for this article.