Minor changes were seen on the money market on Wednesday in the process of trading, dealers said. The rupee held the overnight levels versus the dollar for buying and selling at Rs 101.57 and Rs 101.59 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee drifted lower in relation to the dollar, losing 10-paisa for buying and selling at Rs 101.50 and Rs 101.70 respectively, they said. The local currency, however, gained 75-paisa in terms of the euro for buying and selling at Rs 115.00 and Rs 115.25, they said.
In the third Asian trade, the euro skidded after a collapse in talks to secure a new debt deal for Greece kept markets guessing about the next chapter in the nerve-wracking saga as Athens tries to secure improved terms with its creditors.
The common currency was little changed at $1.1365, after slipping from Monday’s high of $1.1429 and back near the bottom of its prevailing $1.1270-1.1534 range. Trading overnight was relatively light with US markets shut for a public holiday.
The dollar was trading against the Indian rupee at Rs 62.16, the greenback was available at 3.5875 versus the Malaysian ringgit and the US currency was at 6.2539 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 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.101.57
Offer Rate Rs.101.59
RUPEE IN LAHORE: The dollar-rupee parity remained unchanged at the local currency markets on Wednesday.
According to the currency dealers, the greenback opened at Rs 101.60 (buying) and Rs 101.85 (selling) against Rs 101.55 and Rs 101.80 on Tuesday in the local currency markets.
In the absence of buyers, the greenback lost its worth and was closed at Rs 101.55 and 101.80 on buying and selling counters, respectively. However, some of the dealers quoted selling rate of the dollar as Rs 101.85. On the other hand, the British pound was purchased and sold at Rs 155.00 and Rs 155.70 as against Rs 155.55 and Rs 155.80 on Tuesday.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 100.75 (buying) and Rs 101 (selling) against same overnight rate. 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).