INTER-BANK MARKET RATES: In the third Asian trade, the dollar inched up against the yen after upbeat US economic data reinforced expectations for economic growth under Donald Trump's Administration and more rate hikes by US Federal Reserve next year. The dollar rose 0.2 percent against the yen to 117.67, adding to its gains of nearly 0.5 percent on Tuesday in the wake of data showing US consumer confidence hit a 15-year peak in December.
The dollar rose as high as 118.66 yen on December 15, its highest since February. The dollar was trading against the Indian rupee at Rs 68.20, the US currency was at 4.4800 in terms of the Malaysian ringgit and the greenback was at 6.9542 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday. 78.70-78.78 (previous 78.70-78.80).
OPEN MARKET RATES: The rupee dropped by 10 paisas versus the greenback for buying and selling at Rs 108.10 and Rs 108.30, they said. While, the rupee picked up 20 paisas in terms of the euro for buying and selling at Rs 112.40 and Rs 113.90, they said.
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Open Bid Rs.108.10
Open Offer Rs.108.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.104.84
Offer Rate Rs.104.88
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RUPEE IN LAHORE: The Pakistani rupee failed to sustain its strength as it depreciated against the US dollar in the local currency market here on Wednesday.
The trading of the US dollar resumed on a positive note and kept on rising amidst buyers' interest in the market. At the close of trading, the dollar ended higher at Rs 108.15 and Rs 108.40 on buying and selling sides, respectively, as compared to the overnight closing rates of Rs 108.00 and Rs 108.35, said the local currency dealers.
Moreover, the local currency recovered by 20-paisa on buying side while it stayed unchanged on selling side versus the pound sterling. The British currency was bought and sold at Rs 131.30 and Rs 132.50 against Rs 131.50 and Rs 132.50 on Tuesday, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar showed an improvement of Rs 1 against rupee at currency exchange shops of Islamabad and Rawalpindi here on Wednesday.
The dollar resumed trading at Rs 108 (buying) and Rs 108.50 (selling) against last rate of Rs 107 (buying) and Rs 107.50 (selling). It did not observe further change in evening session and closed at Rs 108 (buying) and Rs 108.50 (selling).
Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last week's rate. It did not observe further change in the second session and closed at Rs 135 (buying) and Rs 135.10 (selling).