THE RUPEE: mixed patterns

The rupee played both sides versus the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee picked up six-paisa versus the dollar for buying and selling at Rs 98.78 and Rs 98.84 respectively, they said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, lost 15-paisa in terms of the dollar for buying at Rs 99.75 and it shed five-paisa for selling at Rs 99.90, while the national currency recovered 30-paisa in relation to the euro for buying and selling at Rs 135.50 and Rs 135.75, they said.

In the third Asian trade, the dollar held steady near an eight-week peak against a basket of major currencies, having edged up on the back of encouraging US economic data. The dollar index last stood at 80.340, staying near a high of 80.470 set on Tuesday, its highest level since early April. The dollar was trading against the Indian rupee at Rs at 59.14, the greenback was at 3.2195 in terms of the Malaysian ringgit and the US currency was at 6.2586 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 77.63-77.6325 (77.63-77.6325). Call Money Rates: 05.60-07.25 percent (previous 05.60-07.25 percent).

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

RUPEE IN LAHORE: The Pak rupee remained weak and lost 10-paisa against the US dollar on the local currency market on Wednesday.

According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 99.55 and Rs 99.80 as its buying and selling rates, respectively. As a result of fresh demand, the dollar’s rate was ended higher at Rs 99.65 and Rs 99.90 on buying and selling side, respectively, the dealers said.

However, the rupee-dollar parity remained unchanged amid sluggish trading trend. The pound was traded at its Tuesday closing of Rs 167.75 and Rs 168.00 on buying and selling counter, respectively, they added.

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 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (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