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The rupee managed to gain against the dollar and euro on the money market on Wednesday in process of trading, dealers said. The rupee moved slightly versus the dollar for buying and selling at Rs 105.39 and Rs 105.40, they said.

INTER-BANK MARKET RATES: In the third Asian trade, the dollar was steady, holding onto most of its gains made after strong US retail sales data kept alive the chance of another Federal Reserve interest rate hike this year.

Minutes from the Fed's July meeting will be released later on Wednesday, and will be watched for clues on the timing of rate hikes as well as whether the Fed is likely to announce a reduction in its balance sheet at its September meeting.

The dollar index, which tracks the greenback against a basket of six major rival currencies, was flat on the day at 93.835, well above its 15-month low of 92.548 plumbed earlier this month.

The dollar was trading against the Indian rupee at Rs 64.260, the US currency was available at 4.297 in terms of the Malaysian ringgit and the greenback was at 6.688 in relation to the Chinese yuan.

Inter bank buy/sell rates for the taka against the dollar on Wednesday. 80.70-80.70 (previous 80.70-80.70).

OPEN MARKET RATES: The rupee posted fresh gains in relation to the dollar for buying and selling at Rs 106.60 and Rs 106.80, they said.

The rupee also picked up 50 paisas in terms of the euro for buying and selling at Rs 124.00 and Rs 125.50, they said.





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Open Bid Rs.106.60

Open Offer Rs.106.80

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.





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Bid Rate Rs.105.39

Offer Rate Rs.105.40

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RUPEE IN LAHORE: The Pak rupee stayed unchanged on buying side while it depreciated on selling side against the US dollar in the local currency market on Wednesday.

According to currency dealers, the dollar resumed trading on its overnight trend of Rs 106.40 and Rs 106.65 as its buying and selling rates, respectively.

At the close, no change in its value took place on buying counter as it sustained its opening rate of Rs 106.40. However, it appreciated by five-paisa on selling counter and ended at Rs 106.70, they added.

Furthermore, the national currency showed mixed patterns as it moved both ways against the pound sterling.

The pound was bought and sold at Rs 136.00 and Rs 136.80 against Rs 135.80 and Rs 137.80 of Tuesday, they said.

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 107.10 (buying) and Rs 107.20 (selling) against same last rate. It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.

Copyright Business Recorder, 2017


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