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The rupee maintained last levels against the dollar for the third day in a row in the process of trading activity, dealers said.

INTER-BANK MARKET RATES: RATES: The rupee sustained overnight levels versus the dollar for buying and selling at Rs 154.56 and Rs 154.58 respectively, they said.

OPEN MARKET RATES: The rupee showed no change in relation to the dollar for buying and selling at Rs 154.50 and Rs 154.80 respectively, they said. The rupee gained 40 paisas in terms of the euro for buying and selling at Rs 169.60 and Rs 171.10, they said.

In the third Asian trade, the Riskier currencies steadied on Wednesday and demand for safe-havens ebbed, as investors waited for more news on the likely economic damage from a virus outbreak spreading from China.

The offshore yuan - heavily sold in recent days - was marginally stronger at 6.9551 per dollar, off Monday's 6.9900 to the dollar, which was its weakest in almost a month.

Firmer-than-expected inflation figures supported the Australian dollar from Tuesday's three-and-a-half month low to $0.6773, a gain of 0.15% for the day.

The Japanese yen was a touch weaker. Though with moves slight across the board, it is clear traders remain on edge.

The dollar was trading against the Indian rupee at Rs 71.203 and the greenback was available at 4.078 in terms of the Malaysian ringgit.

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Open Bid Rs 154.50

Open Offer Rs 154.80

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.

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Bid Rate Rs 154.56

Offer Rate Rs 154.58

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RUPEE IN LAHORE: The Pak rupee recovered its day earlier losses versus major foreign currencies including the greenback and the British pound in the open currency market on Wednesday.

Following lack of buyers' interest in the market, the greenback could not sustain its worth throughout the trading session and ended lower for buying and selling at Rs 154.30 and Rs 154.75 against the overnight closing rate of Rs 154.50 and Rs 154.90 respectively, local currency dealers said.

Similarly, the local currency also followed the same suit against the pound sterling which was bought and sold at Rs 200.30 and Rs 201.30 against the Tuesday's closing trend of Rs 201.10 and Rs 202.50 respectively, they added.

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

The dollar opened at Rs 155.10 (buying) and Rs 155.20 (selling) against same last rate. It closed at Rs 155.10 (buying) and Rs 155.20 (selling).

The buying and selling rates of one tola of gold were Rs 91,200 (selling) and Rs 91,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.

Copyright Business Recorder, 2020