The rupee slid against the dollar and euro on the currency market on Wednesday in the process of trading, dealers said. The rupee drifted lower versus the dollar shedding 15-paisa for buying and selling at Rs 101.80 and Rs 101.83 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also lost 20-paisa in relation to the dollar for buying and selling at Rs 101.60 and Rs 101.80 respectively. It also fell sharply against the euro for buying and selling at Rs 126.75 and Rs 127.00, they said.
In the third Asian trade, the yen pulled back from a seven-year low against the dollar, after comments from a Japanese government official cooled heightened speculation that Prime Minister Shinzo Abe would call a general election in December.
The yen had been flirting with a seven-year low against the dollar on growing views that Abe will postpone a sales tax hike and call a general election in December, offering investors an excuse to sell the currency. The dollar was trading against the Indian rupee at Rs 61.54, the greenback was available at 3.3410 versus the Malaysian ringgit and the US currency is at 6.1267 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 77.48-77.51 (previous 77.44-77.49). Call Money Rates: 06.75-08.50 percent (Previous 06.75-08.75 percent).
Open Bid Rs 101.60
Open Offer Rs.101.80
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
Bid Rate Rs.101.80
Offer Rate Rs.101.83
RUPEE IN LAHORE: The Pak rupee failed to maintain rising trend and was declined by 25-paisa against the US dollar on the local currency market on Wednesday.
According to the currency dealers, the dollar was opened on healthy note and registered gain following buyers’ interest. Because of fresh demand, the dollar was moved up to Rs 101.50 and Rs 101.75 on buying and selling side against Rs 101.25 and Rs 101.50 of Tuesday, respectively.
Similarly, the rupee also remained under pressure and was depreciated against the pound sterling. The pound was traded at Rs 161.25 and Rs 161.50 on buying and selling counter compared with day earlier closing of Rs 160.25 and Rs 160.50, 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 103 (buying) and Rs 103.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 103 (buying) and Rs 103.10 (selling).
Pound Sterling opened at Rs 164 (buying) and Rs 164.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 164 (buying) and Rs 164.10 (selling).