THE RUPEE: dollar slightly low

Thursday, August 27, 2009

KARACHI: The rupee was firmer against dollar on currency market on Wednesday despite the higher demand for the US currency, money analysts said. On the interbank market the rupee rose by 3 paisa against dollar for buying and selling at 82.70 and 82.80, experts said.

Amid third Asian session yen and dollar slipped, giving back early gains, as volatile Chinese shares rose and crude trimmed its losses, helping higher-yielding and commodity-linked currencies back from the day's lows.

OPEN MARKET RATES: The rupee rose by 10 paisa more against dollar for buying and selling at 82.70 and 82.80, dealers said. The rupee, however, fell in relation to euro shedding 10 paisa for buying at Rs 117.65 and losing 20 paisa for selling at Rs 118.25, they said.

Open Buying Rs 82.70 Open Selling Rs.82.80

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

Buying Rs.82.75 Selling Rs.82.80

(BRecorder)