RECORDER REPORT
KARACHI: Amid strong demand for dollars, the rupee could not out of the woods in the process of trading on the currency market on Wednesday, dealers said.
INTER-BANK MARKET RATES: The rupee continued it's weakness against the dollar, losing 40-paisa for buying and selling at Rs 100.85 and Rs 100.90 respectively, they said.
OPEN MARKET RATES: The rupee also dropped by 55-paisa against the dollar for buying and selling at Rs 100.90 and Rs 101.10 respectively, but it sustained it overnight levels versus the euro for buying and selling at Rs 133.50 and Rs 133.75, they said.
In the third Asian trade, the dollar touched an 11-month high against a basket of major currencies on Wednesday after positive US housing data the previous day fed hopes that the world's biggest economy is strengthening. The dollar index surged to as high as 81.995, its highest level since September. It last stood at 81.974, up 0.1 percent on the day.
The dollar was trading against the Indian rupee at Rs 60.82, the US currency was at 3.1650 in terms of the Malaysian ringgit and greenback was at 6.146 versus the Chinese yuan.
Inter bank buy/sell rates for the Taka against the dollar on Wednesday: 77.43-77.44 (previous 77.43-77.44). Call Money Rates: 05.50-07.00 percent (previous 05.50-07.10 percent).
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Open Bid Rs.100.90
Open Offer Rs.101.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.100.85
Offer Rate Rs.100.90
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RUPEE IN LAHORE: The Pak rupee continued downward trend against the US dollar on the local currency market on Wednesday.
According to the currency dealers, the dollar's demand remained intact that helped its appreciation against the national currency. The dollar was ended further higher at Rs 100.25 and Rs 100.50 as its buying and selling rates against Rs 99.90 and Rs 100.15 of Tuesday, respectively, dealers said.
However, the rupee regained its day earlier loss and was improved against the pound sterling. The pound's buying and selling rates were declined from overnight closing of Rs 166.50 and Rs 166.75 to Rs 166.25 and Rs 166.50, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar showed an improvement of Re 1 against the local currency on the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 100.50 (buying) and Rs 100.60 (selling) against overnight value of Rs 99.50 (buying) and Rs 99.60. It did not observe further change in the second session and closed at Rs 100.50 (buying) and Rs 100.60 (selling).
Pound Sterling opened at Rs 166 (buying) and Rs 166.50 (selling) against same last rate. It did not observe any further fluctuation by the end of the day and closed on the same rates.
Kerb buying and selling rate of US dollar
RECORDER REPORT
KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (August 20, 2014).
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Open Bid Rs.100.90
Open Offer Rs.101.10
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Dollar's rate in interbank market
RECORDER REPORT
KARACHI: Interbank closing rates for dollar on Wednesday (August 20, 2014).
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Bid Rate Rs.100.85
Offer Rate Rs.100.90
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