THE RUPEE: Firm trend

Firmness prevailed on the currency market on Wednesday as the rupee held overnight levels versus the dollar in the process of trading, dealers said.

INTER-BANK MARKET RATES: RATES: The rupee showed no major changes against the dollar for buying and selling at Rs 154.94 and Rs 154.96 respectively, they said.

OPEN MARKET RATES: The rupee was unchanged versus the dollar for buying and selling at Rs 154.40 and Rs 154.70 respectively, they said. The rupee was trading versus the euro for buying and selling at Rs 171.00 and Rs 172.50 respectively, they said.

In the third European trade, the pound extended its slide on Wednesday, as Britain's fixing of a fresh Brexit deadline rekindled fears of a chaotic exit from the European Union, while the dollar won back lost ground.

Sterling has collapsed more than 3% since it peaked at an 18-month high of $1.3516 after Prime Minister Boris Johnson's landslide electoral victory last week.

The dollar was available against the Indian rupee at 71.063, the greenback was at 4.142 in terms of the Malaysian ringgit and the US currency was trading at 7.004 versus the Chinese yuan.

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Open Bid       Rs 154.40
Open Offer     Rs 154.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.

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Bid Rate       Rs 154.94
Offer Rate     Rs 154.96
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RUPEE IN LAHORE: The Pak rupee depreciated its worth on buying side while it stayed unchanged on selling side in relation to the greenback on the open currency market on Wednesday.

According to currency dealers, the greenback gained 10 paisas during the trading session and ended higher for buying at Rs 154.40 against the opening rate of Rs 154.30 whereas it stayed firmed for selling at Rs 154.70.

Furthermore, the local currency witnessed a wide gap between its demand and supply situation as it was bought and sold at Rs 200.90 and Rs 202.80 against the Tuesday's closing trend of Rs 202.50 and Rs 204.30 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 10 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.

The dollar opened at Rs 154.90(buying) and Rs 155(selling) against last rate of Rs 155(buying) and Rs 155.10(selling).

It closed at Rs 154.90(buying) and Rs 155(selling).

The buying and selling rates of one tola of gold were Rs 84,400 (selling) and Rs 84,200 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.