RECORDER REPORT
KARACHI: The rupee moved cautiously in relation to the dollar on the money market on Wednesday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee inched up by one-paisa versus the dollar for buying and selling at Rs 104.47 and Rs 104.49 respectively, they said.
OPEN MARKET RATES: The rupee, however, shed five-paisa in terms of the dollar for buying and selling at Rs 104.40 and Rs 104.60 respectively, they said. The rupee fell versus the euro, losing 75-paisa for buying and selling at Rs 117.25 and Rs 118.25 respectively, they added.
In the third Asian trade, the yen rebounded modestly against its peers after the Bank of Japan stood pat on monetary policy. The yen was pressured earlier amid some speculation that the BOJ would ease in the wake of weak economic data and flagging inflation, but the central bank kept monetary policy steady, preferring to save its limited options.
The dollar was trading against the Indian rupee at Rs 65.26, the greenback was at 4.2825 in terms of the Malaysian ringgit and the US currency was at 6.3571 in relation to 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): 05.25-06.50 percent (Previous 05.25-06.50 percent).
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Open Bid Rs 104.40
Open Offer Rs 104.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs 104.47
Offer Rate Rs 104.49
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RUPEE IN LAHORE: The local currency continued to show lacklustre movement against the dollar at the open currency markets of Lahore on Wednesday.
Currency dealers said the dollar resumed trading on a higher note on the buying and selling counters, respectively, as against Rs 104.50 and Rs 104.75 on Tuesday. The dollar appreciated its worth following lack of buying activity and closed well at Rs 104.65 and Rs 105.10 on the buying and selling counters, respectively.
The British Pound regained its position against the local currency, which was purchased and sold at Rs 158.30 and Rs 159.50 as against Tuesday’s closing rates of Rs 157.30 and Rs 158.30 the dealers added.
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 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
