The rupee depreciated against the dollar and euro on the local market on Wednesday in the process of improved trading activity, dealers said. The rupee continued its slide in relation to the dollar, falling 13-paisa in relation to the dollar for buying and selling at Rs 101.44 and Rs 101.47 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee slipped against the dollar, dropping 10-paisa for buying and selling at Rs 101.50 and Rs 101.70 respectively, they said. The rupee failed to maintain rise versus the euro, falling 50 paisa for buying and selling at Rs 114.50 and Rs 114.75, they said.
In the third Asian trade, the dollar hovered near a one-month high versus the yen, bolstered by gains in Treasury yields, while uncertainty over a new debt deal for Greece kept a cloud over the euro. The dollar inched up 0.1 percent to 119.51 yen, staying near Tuesday’s peak of 119.62 yen, which was the dollar’s highest level since early January.
The dollar was trading against the Indian rupee at Rs 62.17, the greenback was at 3.5965 versus the Malaysian ringgit and the US currency was available at 6.243 against the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-09.00 percent (Previous 07.00-09.00 percent).
Open Bid Rs.101.50
Open Offer Rs.101.70
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday
Bid Rate Rs.101.44
Offer Rate Rs.101.47
RUPEE IN LAHORE: The Pak rupee remained weak and lost five-paisa 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 101.45 and Rs 101.70 as its buying and selling rate, respectively. Because of a slight increase in dollar’s demand, its rate was ended higher at Rs 101.50 and Rs 101.75, on buying and selling side, respectively.
Similarly, the rupee remained under pressure and was depreciated against the pound sterling. The pound was purchased at Rs 153.85 compared with Tuesday closing of Rs 153.75 while its selling rate remained unchanged at Rs 154.20, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar on the open currency markets of Islamabad and Rawalpindi here on Wednesday. The dollar opened at Rs 100.75 (buying) and Rs 101 (selling) against last rate of Rs 101 (buying) and Rs 101.25 (selling). It did not observe further change in the second session and closed at Rs 100.75 (buying) and Rs 101 (selling). Pound Sterling opened at Rs 152 (buying) and Rs 153 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 152 (buying) and Rs 153 (selling).