RECORDER REPORT
KARACHI: The rupee showed no major differences in terms of the dollar on the money market on Wednesday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee rose by two paisas against the dollar for buying and selling at Rs 105.47 and Rs 105.48 respectively.
In the third Asian trade, the dollar steadied against the yen on Wednesday, supported by strong US economic data while North Korea's latest missile launch had little immediate impact on currency markets though investors are focused on how the US responds to the test.
US Senate Republicans pushed forward President Donald Trump's tax cut bill on Tuesday to pave the way for a full vote by the Senate as soon as Thursday, although some details of the bill were still to be settled.
The dollar was trading against the Indian rupee at Rs 64.41, the greenback was at 4.105 in terms of the Malaysian ringgit and the US currency was at 6.600 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 82.30-82.30 (Previous 82.00-82.20).
OPEN MARKET RATES: The national currency firmed in relation to the dollar for buying and selling at Rs 107.40 and Rs 107.60 respectively, they said.
The rupee extended overnight gains versus the euro, picking up 80 paisas for buying and selling at Rs 126.50 and Rs 127.75 respectively, they said.
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Open Bid Rs.107.40
Open Offer Rs.107.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.105.47
Offer Rate Rs.105.48
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RUPEE IN LAHORE: The rupee remained under pressure and lost 10 paisas against the US dollar in the local currency market on Wednesday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 107.30 and Rs 107.70 as its buying and selling rate, respectively. On account of fresh buying, the dollar registered gain and ended higher at Rs 107.40 and Rs 107.80 on buying and selling counter, respectively.
Similarly, the rupee remained depressed and declined against the British pound. The pound's buying and selling rate improved from the overnight closing of Rs 141.80 and Rs 142.70 to Rs 142.40 and Rs 143.40, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 10 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 107.40 (buying) and Rs 107.50 (selling) against last rate of Rs 107.50 (buying) and Rs 107.60 (selling). It closed at Rs 107.40 (buying) and Rs 107.50 (selling).
