The rupee almost sustained overnight levels against the dollar on Wednesday in the process of trading, dealers said. The rupee showed little changes in relation to the dollar for buying and selling at Rs 104.86 and Rs 104.87 respectively.
INTER-BANK MARKET RATES: In the third Asian trade, the dollar drifted lower against the yen and euro, as lingering concerns about US President Donald Trump's protectionist stance undermined the greenback's earlier rebound.
The US currency was down 0.25 percent at 113.500 yen after briefly nearing 114.00. It had gained about 1 percent the previous day to bounce from an eight-week trough of 112.520 as US Treasury yields had reversed course and risen.
The euro was a shade higher at $1.0733. The common currency had lost about 0.3 percent overnight, sliding from a near seven-week high of $1.0775. The dollar index against a basket of major currencies gave back a bulk of its overnight gains and was last down 0.2 percent at 100.180.
The dollar was available against the Indian rupee 68.15, the greenback was at 4.4380 in terms of the Malaysian ringgit and the US currency was at 6.8773 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 78.99-79.00 (previous 78.97-78.98).
OPEN MARKET RATES: The rupee slipped by 10 paisas in terms of the dollar for buying at Rs 107.30 while it did not budge any side for selling at Rs 107.60, they said. The rupee lost sharply in terms of the euro for buying and selling at Rs 115.25 and Rs 116.75 respectively, they said.
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Open Bid Rs.107.30
Open Offer Rs.107.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.104.86
Offer Rate Rs.104.87
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RUPEE IN LAHORE: The local currency failed to sustain its gains against the American dollar and British pound in the local currency market here on Wednesday.
According to currency dealers, the US dollar commenced trading on a positive note and kept on rising during the day's trading session. Following the lack of buyers' interest, it increased to Rs 107.70 and Rs 107.80 on buying and selling counters, respectively, as compared to the overnight closing rates of Rs 107.30 and Rs 107.60, respectively, they added.
Similarly, the local currency also remained under pressure for the third consecutive day as it drastically declined versus the pound sterling. The pound's buying and selling rates further rose from the Tuesday's closing rates of Rs 132.90 and Rs 133.80 to Rs 134.50 and Rs 135.30, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar against the rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 108.30 (buying) and Rs 108.40 (selling) against same last rate and closing was the same levels. Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It did not observe further change in the second session and closed at Rs 130 (buying) and Rs 131.50 (selling).
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