THE RUPEE: stable trend

The rupee moved cautiously against the dollar on the currency market on Wednesday, dealers said. The rupee shed three-paisa versus the dollar for buying and selling at Rs 102.93 and Rs 102.95 respectively, they said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not move any side in relation to the dollar for buying and selling at Rs 102.70 and Rs 102.90 respectively, but it maintained upward journey in terms of the euro, picking up 50-paisa for buying and selling at Rs 130.00 and Rs 130.25 respectively, they said.

In the third Asian trade, the euro flirted with one-week lows following a Reuters report that the European Central Bank (ECB) is considering buying corporate bonds, while a recovery in risk appetite underpinned the dollar against the yen.

The euro briefly fell to $1.2706 its lowest level since Thursday and last stood at $1.2723, little changed from late US levels but still lethargic after 0.7 percent fall on Tuesday. The dollar was trading against the Indian rupee at Rs 61.24, the greenback was at 3.2630 in terms of the Malaysian ringgit and the US currency was available at 6.1175 versus the Chinese yuan.
Open Bid Rs.102.70
Open Offer Rs.102.90
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
Bid Rate Rs.102.93
Offer Rate Rs.102.95
RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged against the US dollar on the local currency market on Wednesday.

According to the currency dealers, the dollar was opened at its overnight closing of Rs 102.85 and Rs 103.10 as its buying and selling rates, respectively. The dollar did not observe any change in its rates during the day’s trading which were ended at their opening level.

However, the rupee staged recovery and appreciated its worth against the pound sterling. The pound was traded at Rs 165.25 and Rs 165.50 on buying and selling counter, compared with previous closing of Rs 166.25 and Rs 166.50, 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 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against. Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).

Recorder Report