INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, rose by five paisa versus the dollar for buying and selling at 97.20 and 97.40, they said. The rupee is continuously on downward revision against the euro, losing more 60 paisa for buying and selling at Rs 126.20 and Rs 127.20, they said.
In the third Asian trade, the euro climbed to a seven-week high against the dollar, boosted by efforts to tackle the debt problems of Greece and Spain, while the dollar came under pressure from expectations of new bond buying by the Federal Reserve.
The single currency could soon test its September peak, although many traders are not convinced. It has enough traction to make a clean break from that level, given the fragile state of the euro zone economies. The dollar was trading against the Indian rupee at Rs 54.54, the greenback was at 3.0425 versus the Malaysian at 3.0430 and the US currency was available at 6.2242in in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 81.00-81.16 (previous 81.20-81.3150). Call Money Rates: 07.75-08.00 percent (previous 06.00-08.50 percent).
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Open Buying Rs 97.20
Open Selling Rs.97.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.96.64
Offer Rate Rs.96.67
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading on the local currency market on Wednesday, dealers said.
According to the currency dealers, the dollar was opened at its day earlier closing of Rs 97.20 and Rs 97.50 as its buying and selling rates, respectively. The dollar witnessed no change in its demand and supply situation throughout the day. The opening rates continued to prevail till the close of trading.
However, the rupee remained under pressure for the third consecutive day and was further declined against the pound sterling. The pound was purchased and sold at Rs 154.70 and Rs 155.20 compared with Tuesday closing of Rs 154.50 and Rs 155.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Wednesday. The dollar opened at Rs 96.9 (buying) and Rs 97 (selling) against the same last rate. It did not observe further change in the evening session and closed at Rs 96.9 (buying) and Rs 97 (selling). Pound Sterling opened at Rs 153 (buying) and Rs 153.5 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 153 (buying) and Rs 153.50 (selling).