The rupee depicted a mixed trend against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee gained 14-paisa versus the dollar for buying and selling at Rs 98.70 and Rs 98.72, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, dropped by five-paisa in terms of the dollar for buying and selling at Rs 98.75 and Rs 98.95 respectively, while it gained 20-paisa in relation to the euro for buying and selling at Rs 132.50 and Rs 132.75, they said.
In the third Asian trade, the dollar held close to a six-week peak against a basket of currencies in Asian trade on Wednesday, as the euro edged down to touch a fresh 2014 low on the diverging interest rate outlook for the US and euro zone.
The dollar was trading against the Indian rupee at Rs 60.15, the greenback was at 3.1695 versus the Malaysian ringgit and the US currency was at 6.1992 in terms of the Chinese yuan. Interbank buy/sell rates for the taka BDT= against the dollar on Wednesday: 77.54-77.55 (previous 77.54-77.54). Call Money Rates: 05.75-07.25 percent (previous 05.50-07.25 percent).
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid sluggish trading trend on the local currency market on Wednesday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 98.75 and Rs 99.00 as its buying and selling rates, respectively. The dollar did not observe any change in its demand and supply situation during the day. As a result, its opening rates continued to prevail till close of trading, the dealers said.
However, the rupee maintained upward slide for another day and was improved against the British pound. The pound’s buying and selling rates were further declined from Tuesday closing of Rs 168.00 and Rs 168.25 to Rs 167.75 and Rs 168.00, 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.