THE RUPEE: little changes

Slight fluctuations were seen on the money market on Wednesday in the process of trading, dealers said. The rupee inched up versus the dollar, gaining five paisa for buying and selling at Rs 98.05 and Rs 98.10 respectively, they said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee was unchanged against the dollar for buying at Rs 99.50, while it was down by five-paisa for selling at Rs 99.75, the said.

The rupee also shed 10-paisa against the euro for buying at Rs 136.75 and it dropped by five-paisa for selling at Rs 137.00, they said. In the third Asian trade, the world’s major currencies started trade on familiar ground after an uninspired session that kept the dollar, euro and yen locked in narrow ranges.

The euro last traded at $1.3806, having drifted up from a near two-week low of $1.3785. Against the yen, the common currency firmed a touch to 141.65, while the dollar was flat at 102.60. Interbank buy/sell rates for the taka against the dollar on Wednesday: 77.6500-77.6525 (77.6525-77.6600). Call Money Rates: 07.00-08.25 percent (previous 06.50-08.25 percent).

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

RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged against the US dollar on the local currency markets on Wednesday.

According to the currency dealers, the dollar witnessed no change in its demand and supply situation throughout the day. The dollar was traded at its day earlier closing of Rs 99.50 and Rs 100.00 on buying and selling counters, respectively.

On the contrary, the national currency maintained downward slide versus the British pound. The pound was purchased and sold at Rs 167.00 and Rs 167.25, compared with previous closing of Rs 166.50 and Rs 167.00, respectively, the dealers said.

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

The dollar opened at Rs 98.50 for buying and Rs 98.60 for selling against same last rate. It did not observe further change in the second session and closed at Rs 98.50 for buying and Rs 98.60 for selling.

Pound Sterling opened at Rs 165 for buying and Rs 165.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.

Recorder Report