The rupee depicted marginal changes against the dollar on the money market on Wednesday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee moved with little change in relation to the dollar for buying and selling at Rs 156.16 and Rs 156.18 respectively, they said.OPEN MARKET RATES: The rupee was inert versus the dollar for buying and selling at Rs 155.70 and Rs 156.20 respectively, while it picked up 20 paisas in terms of the euro for buying and selling at Rs 170.80 and Rs 172.80 respectively, they added.
In the third Asian trade, the dollar steadied in Asian trade on Wednesday but remained on the defensive after the launch of a formal impeachment inquiry against President Donald Trump, while the political uncertainty added to worries about economies strained by the Sino-US trade row.
Following reports Trump sought foreign help to smear Democratic presidential front-runner Joe Biden, House Speaker Nancy Pelosi announced the House would initiate a formal inquiry, saying Trump appeared to have undermined national security and violated the US Constitution.
The dollar bounced slightly in Asia after falling in US trade overnight following Pelosi's move, which was announced late on Tuesday.
The euro, which was battered by weak euro zone economic data earlier this week, inched down 0.2% to $1.1001, a hair's breath off Monday's low of $1.0966.
The dollar was trading against the Indian rupee at Rs 71.050, the greenback was at 4.186 in terms of the Malaysian ringgit and the US currency was available at 7.116 versus the Chinese yuan.
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Open Bid Rs 155.70
Open Offer Rs 156.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs 156.16
Offer Rate Rs 156.18
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RUPEE IN LAHORE: The Pak rupee witnessed divergent trend in process of trading against the greenback in the local currency market on Wednesday.
Following fluctuating demand and supply situation in the market, the greenback moved both ways and ended for buying and selling at Rs 156.10 and Rs 156.35 against the overnight closing rate of Rs 156.00 and Rs 156.40 respectively, local currency dealers said.
Versus the pound sterling, the local currency recovered its earlier losses and closed for buying and selling at Rs 193.50 and Rs 194.40 against the Tuesday's closing trend of Rs 193.55 and Rs 194.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 10 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 156.60(buying) and Rs 156.70(selling) against last rate of Rs 156.50(buying) and Rs 156.60(selling).
It closed at Rs 156.60(buying) and Rs 156.70(selling).
The buying and selling rates of one tola of gold were Rs. 69,100 (selling) and Rs 69,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.
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