RECORDER REPORT
KARACHI: Rates moved both ways versus the dollar on the local currency market on Wednesday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee appreciated by five-paisa in relation to the dollar for buying and selling at Rs 101.70 and Rs 101.73 respectively, they said.
OPEN MARKET RATES: The rupee, however, shed 10-paisa against the dollar for buying and selling at Rs 102.00 and Rs 102.20 respectively. It also gained 35-paisa in terms of the euro for buying and selling at Rs 128.10 and Rs 128.35, they said.
In the third Asian trade, the yen hit a fresh seven-year low versus the dollar, staying on the defensive after Japanese Prime Minister Shinzo Abe decision to postpone a sales tax rise was read as supportive of risk sentiment.
The dollar rose to as high as 117.31 yen, its highest level since October 2007. The dollar last traded at 117.21 yen, up 0.3 percent on the day.
The dollar was trading against the Indian rupee at Rs 61.74, the greenback was at 3.3560 in terms of the Malaysian ringgit and the US currency was available at 6.117 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 77.57-77.57 (previous 77.55-77.55). Call Money Rates: 06.50-08.50 percent (Previous 06.50-08.50 percent).
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Open Bid Rs 102.00
Open Offer Rs 102.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs 101.70
Offer Rate Rs 101.73
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RUPEE IN LAHORE: The Pak rupee failed to maintain upward move and lost five-paisa against the US dollar on the local currency market on Wednesday.
According to the currency dealers, the dollar commenced trading at its day earlier closing of Rs 102.10 and Rs 102.35 as its buying and selling rate, respectively. Because of fresh buying, the dollar’s rate was moved up and closed at Rs 102.15 and Rs 102.40 on buying and selling counter, respectively.
Similarly, the rupee remained weak and was declined against the pound sterling. The pound was purchased and sold at Rs 159.55 and Rs 159.80 compared with Tuesday closing of Rs 159.50 and Rs 159.75, respectively, the dealers added.
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).
Kerb buying and selling rate of US dollar
RECORDER REPORT
KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (November 19, 2014).
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Open Bid Rs 102.00
Open Offer Rs 102.20
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Dollar's rate in interbank market
RECORDER REPORT
KARACHI: Interbank closing rates for dollar on Wednesday (November 19, 2014).
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Bid Rate Rs 101.70
Offer Rate Rs 101.73
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