INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee also showed no visible change against the dollar for buying and selling at Rs 106.30 and Rs 106.50 respectively, however it gained 80 paisas in terms of the euro for buying and selling at Rs 113.75 and Rs 115.25 respectively, they said.
In the third Asian session, the dollar pulled away from 4-1/2-month lows against a currency basket after solid data backed expectations for more US interest rate hikes this year, while sterling was knocked by Britain triggering its exit from the European Union.
The dollar index, which tracks the greenback against six major rival currencies, edged up slightly to 99.751. It managed to crawl off a low of 98.858 plumbed earlier this week, its weakest level since Nov 11, in the wake of US President Donald Trump's failed healthcare reform bill.
The healthcare failure reform raised doubts that Trump would be able to carry out his fiscal stimulus and tax cuts, and pressured the dollar to 110.11 yen, its lowest since November 18. It last stood at 111.22 yen, up slightly on the day. The dollar was trading against the Indian rupee at 64.94, the greenback was at 4.4200 in terms of the Malaysian ringgit and the US currency was at 6.8910 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 79.67-79.67 (previous 79.66-79.67).
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Open Bid Rs.106.30
Open Offer Rs.106.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.104.85
Offer Rate Rs.104.86
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RUPEE IN LAHORE: The Pak rupee was unchanged on buying side at Rs 106.10 while it shed 10-paisa on selling side at Rs 106.50 in relation to the greenback in the local currency market on Wednesday.
According to the currency dealers, the dollar did not observe any change in its buying rate that was finished at its day earlier closing of Rs 106.10. However, following fresh demand, the dollar's selling rate improved to Rs 106.50, the dealers said.
The rupee also showed strength and appreciated its worth against the pound sterling that was purchased and sold at Rs 131.00 and Rs 132.30 as compared with the day earlier closing of Rs 132.10 and Rs 133.00, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday. The dollar opened at Rs 106.50 (buying) and Rs 107 (selling). It closed at the same rate. Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.