The rupee showed steadier trend against the dollar on the money market on Wednesday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee was almost unchanged versus the dollar for buying and selling at Rs 104.80 and Rs 104.82 respectively, they said.
In the third Asian trade, the dollar was on the back foot against the euro and yen on Wednesday as the possibility the US presidential election could be too close to call jangled investor nerves. The greenback slumped to a three-week low against the euro and lost ground versus the yen overnight, as some polls showed Republican Donald Trump ahead after the FBI said it was probing newly-found emails related to Democrat Hillary Clinton's use of a private server. The euro was steady at $1.1057 after rising about 0.7 percent to $1.1069 the previous day, its highest since Oct. 11.
The dollar was trading against the Indian rupee at Rs 66.85, the greenback was at 4.1950 in terms of the Malaysian ringgit and the US currency was at 6.7648 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 78.44-78.46 (previous 78.45-78.46).
OPEN MARKET RATES: The rupee recovered 10 paisas in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, while it shed 45 paisas in relation to the euro for buying and selling at Rs 116.75 Rs 118.00 respectively, they said.
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Open Bid Rs.105.80
Open Offer Rs.106.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.104.80
Offer Rate Rs.104.82
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RUPEE IN LAHORE: The Pakistani rupee remained strong for the second consecutive day as it registered appreciation against the US dollar in the local currency market on Wednesday.
The trading activity resumed on a depressed note and registered further reduction during the day's trading session.
At the close, the dollar ended lower at Rs 105.80 and Rs 106.20 on buying and selling sides, respectively, as compared to the Tuesday's closing of Rs 106.00 and Rs 106.30, respectively.
Moreover, the rupee remained under pressure versus the pound sterling on the buying side while appreciated on the selling side.
The British currency was bought and sold at Rs 129.05 and Rs 129.50, respectively, compared to the day earlier closing of Rs 129.00 and Rs 129.70, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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