The dollar posted fresh gains, breaching 106 barriers versus the rupee on the money market on Wednesday in the process of trading, dealers said. The rupee lost 10 paisas in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, they said. The rupee also lost 50 paisas in relation to the euro for buying and selling at Rs 117.00 and Rs 118.00 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not move any side in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72 respectively, they said. In the third Asian trade, the dollar retreated as brief gains gave way to anxiety after early exit polls in the US presidential election showed the final outcome was too close to call.
Republican Donald Trump and Democrat Hillary Clinton scored early victories on Tuesday in their bitter presidential race, with Trump winning as expected in conservative Indiana, Kentucky and West Virginia and Clinton capturing liberal Vermont.
The dollar was down 0.4 percent at 104.775 yen after rising to as high as 105.250 when markets earlier put a higher chance on Democrat Hillary Clinton winning the US presidential election before the vote count. The US currency was trading against the Indian rupee at Rs 66.62, the dollar was at 4.1840 versus the Malaysian ringgit and the greenback was at 6.7846 in terms of Chinese yuan.
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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.104.70
Offer Rate Rs.104.72
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RUPEE IN LAHORE: The rupee stayed unchanged on buying side while it lost its worth by five paisa on selling side versus the US dollar in the local currency market on Wednesday.
The US dollar resumed trading on its overnight closing of Rs 105.90 and Rs 106.05 as its buying and selling rates, respectively.
At the close, the dollar did not observe any change in its buying rate which prevailed till its closing. However, following the buyers' interest, its selling rate climbed up and ended higher at Rs 106.10, currency dealers said.
Moreover, the local currency recovered 10 paisa on buying side though it lost 20 paisa on selling side against the pound sterling which was bought and sold at Rs 130.60 and Rs 131.70, respectively, as compared to the Tuesday's closing of Rs 130.70 and Rs 131.50, respectively, they 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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