The rupee depicted a slight fall against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed three-paisa in terms of the dollar for buying and selling at Rs 104.37 >from page 1 and Rs 104.40 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee managed to hold its position versus the dollar for buying and selling at Rs 104.30 and Rs 104.50 respectively, they said. The rupee picked up 65-paisa in terms of the euro for buying and selling at Rs 116.10 and Rs 117.10, they added.
In the third Asian trade, the dollar edged down in Asian trade but was underpinned by lofty US yields after upbeat consumer spending data kept alive expectations that the US Federal Reserve would raise interest rates. "The dollar/yen sold off a bit in Tokyo, but some viewed it as a good chance to buy on dips," said Kaneo Ogino, director at foreign exchange research firm Global-info Co in Tokyo.
The dollar was trading against the Indian rupee at Rs 66.46, the US currency was available at 4.3042 in terms of the Malaysian ringgit and the greenback was at 6.369 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.25-06.50 percent).
ISLAMABAD The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Wednesday. The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling). Pound Sterling opened at Rs 161 (buying) and Rs 161.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 161 (buying) and Rs 161.50 (selling).
LAHORE The local currency further improved its worth against the dollar and the pound sterling at the open currency markets of Lahore on Wednesday.
Currency dealers said the dollar resumed trading at Rs 104.45 and Rs 104.75 on the buying and selling counters, respectively, as against Rs 104.35 and Rs 104.60 on Tuesday. In the wake of sufficient dollar supply and relatively low demand at the local kerb, it closed lower at Rs 104.30 and Rs 104.50 on the buying and selling sides, respectively. Moreover, the pound sterling was purchased and sold at Rs 159.15 and Rs 159.60 as against Rs 159.20 and Rs 160.00 on Tuesday, the dealers said.

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Open Bid       Rs.104.30
Open Offer     Rs.104.50
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Bid Rate       Rs.104.37
Offer Rate     Rs.104.40
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