INTER-BANK MARKET RATES: In the third Asian trade, the dollar pulled back from one-month highs against a basket of currencies as tumbling oil prices pushed down US yields, while the pound wobbled after Bank of England Governor Mark Carney shot down hopes of an interest rate hike.
The dollar index against a group of major currencies was 0.05 percent lower at 97.699.
It had hit a one-month high of 97.871 on Tuesday as expectations that the US Federal Reserve, which hiked interest rates last week, would tighten policy again in 2017.
The greenback's advance, however, stalled as the dollar-supportive bounce in US Treasury yields was cut short overnight.
Following a big drop in oil prices, the 10-year Treasury note yield fell sharply on Tuesday, reversing a large portion of the gains it made after the Fed left the door open for another rate increase this year.
"Lower crude prices weaken inflationary pressures and in turn arrest the rise in US yields," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.
The dollar was trading against the Indian rupee at Rs 64.630, the US currency was at 4.287 in terms of the Malaysian ringgit and the greenback was at 6.830 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 80.56-80.60 (previous 80.56-80.60).
OPEN MARKET RATES: The rupee picked up 10 paisas in relation to the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, they said. The rupee rose slight in terms of the euro for buying and selling at Rs 117.20 and Rs 118.20 respectively, they said.
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Open Bid Rs.105.80
Open Offer Rs.106.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.104.89
Offer Rate Rs.104.90
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RUPEE IN LAHORE: The Pak rupee depreciated on buying side while it stayed unchanged on selling side against the US dollar in the local currency market on Wednesday.
The trading activity of the US dollar resumed on its overnight trend of Rs 105.90 and Rs 106.15 as its buying and selling rates respectively.
At the close, it gained by 10-paisa on buying counter and ended at Rs 106.00. However, no change in its value took place on selling counter as it sustained its opening trend of Rs 106.15, said local currency dealers.
Moreover, the local currency remained strong for the second consecutive day versus the pound sterling. The pound' buying and selling rates further slid from Tuesday's closing rates of Rs 133.00 and Rs 134.80 to Rs 132.50 and Rs 134.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday. The dollar opened at Rs 105.95 (buying) and Rs 106.10 (selling). It closed at the same rate. Buying and selling rates of British Pound remained Rs 136.50 (buying) and Rs 138.50 (selling).