The rupee inched down versus the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed two-paisa against the dollar for buying and selling at Rs 101.82 and Rs 101.83 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee dropped further five-paisa in relation to the dollar for buying and selling at Rs 102.50 and Rs 102.70 respectively. It also lost 50-paisa in terms of the euro for buying and selling at Rs 115.00 and Rs 115.25 respectively, they added.
In the third Asian trade, dollar slipped against a basket of major currencies, with the near-term focus on whether US retail sales data will point to a pick-up in US growth after a weak first quarter. The dollar index slipped 0.2 percent to 94.382, pulling away from this week’s high 95.258 set on Monday.
The euro edged higher, rising 0.3 percent to $1.1249, supported by recent rises in euro zone yields. The single currency, however, still remained below a two-month high of $1.1392 set last week.
The dollar was trading against the Indian rupee at Rs 64.19, the greenback was at 3.6040 versus the Malaysian ringgit and the US currency was at 6.2058 in terms of 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: 05.75-7.50 percent (Previous 05.50-07.50 percent).
Open Bid Rs.102.50
Open Offer Rs.102.70
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
Bid Rate Rs.101.82
Offer Rate Rs.101.83
RUPEE IN LAHORE: The rupee slightly declined against the dollar on the local currency market on Wednesday. The dollar began trading at its overnight closing of Rs 102.50 and Rs 102.75 on the buying and selling side and improved its worth following fresh demand and ended higher at Rs 102.55 and Rs 102.80 on buying and selling counter.
The rupee stayed stagnant on buying side though it improved on selling side against the pound sterling which was traded at Rs 159.50 and Rs 159.75 on buying and selling rate compared with Tuesday closing of Rs 159.50 and Rs 160.30.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling). Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).
Source: Business Recorder