THE RUPEE: modest gain

The rupee managed to gain versus the dollar on money market in the process of trading, dealers said. The rupee rose 14 paisa against the dollar for buying and selling at Rs 98.17 and Rs 98.20, they said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee picked up 20 paisa in relation to the dollar for buying at Rs 99.70 and gained 15 paisa for selling at Rs 99.95, they said. The rupee rose by 75 paisa versus the euro for buying and selling at Rs 137.25 and Rs 137.50, they added. The Indian rupee led gains among Asian currencies as risk sentiment improved on strong US economic data and sustained hopes for stimulus steps by China.

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

RUPEE IN LAHORE: The Pak rupee maintained upward trend for another day and registered gain of 10-paisa in relation to the US dollar on the local currency market on Wednesday.

According to the currency dealers, the dollar commenced trading at its day earlier closing of Rs 100.10 and Rs 100.35 as its buying and selling rates respectively. Because of lacking buying support, the dollar could not sustain and was slide down to Rs 100.00 and Rs 100.25 on buying and selling side, respectively, the dealers said.

Similarly, the rupee remained strong against the British pound that was traded at Rs 166.75 and Rs 167.00 on buying and selling counter against the Tuesday closing of Rs 167.00 and Rs 167.30, respectively, they added.

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

The dollar opened at Rs 100 (buying) and Rs 100.10 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 100 (buying) and Rs 100.10 (selling).

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

Recorder Report