The rupee maintained a firm posture against the dollar on the money market on Wednesday, dealers said. The national currency moved up firmly versus the greenback for buying and selling at Rs 104.84 and Rs 104.84 respectively, dealers said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee sustained overnight rising trend in terms of dollar, gaining 30 paisas for buying and selling at Rs 106.20 and Rs 106.40 respectively. It also picked up one rupee against the euro for buying and selling at Rs 111.50 and 113.00 respectively, they observed.
In the third Asian trade, most Asian currencies inched higher on Wednesday, as the dollar struggled to gain traction ahead of US jobs data due later in the week.
The Singapore dollar and Taiwan dollar eked out gains, supported by strength in their equity markets. The Indonesian rupiah advanced on strong tax amnesty inflows. The dollar was trading against the Indian rupee at Rs 66.64, the greenback was at 4.4480 versus the Malaysian ringgit and the US currency was at 6.9030 in terms of the Chinese yuan.
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Open Bid Rs.106.20
Open Offer Rs.106.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.104.84
Offer Rate Rs.104.84
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RUPEE IN LAHORE: The Pakistani rupee remained strong for the third consecutive day 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 resumed trading on a negative note and remained under pressure throughout the trading session. Following lack of buyers' interest in the market, it further slid to 106.10 and Rs 106.50 on buying and selling sides, respectively, as compared to the overnight closing rates of Rs 106.30 and Rs 106.90, respectively, they added.
Likewise, the local currency also followed the same suit for another day. The pound's buying and selling rates further decreased from Tuesday's closing rates of Rs 128.70 and Rs 129.90 to Rs 127.40 and Rs 129.50, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee further improved against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 107.50 (buying) and Rs 107.60 (selling) against last rate of Rs 108 (buying) and Rs 108.10 (selling). It closed at Rs 107.50 (buying) and Rs 107.60 (selling).
Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.
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