The rupee moved up slightly against dollar on Saturday in process of trading, dealers said. The rupee gained five paisa in relation the dollar for buying and selling at 90.20 and 90.40, they said. The rupee, however, fell against euro, losing 83 paisa for buying and selling at Rs 118.70 and Rs 119.70, they said.
OPEN MARKET RATES: At the weekend euro surged to its highest level against dollar in 6-1/2 weeks as optimism that Greece and its creditors will soon come to an agreement and avoid a messy default had investors scrambling to cover short positions in the single currency. Data indicating a bumpy road ahead for the US economy and a downgrade of five euro zone sovereigns by Fitch Ratings agency kept trading extremely choppy.
========================
Open Buying Rs 90.20
Open Selling Rs 90.40
========================
RUPEE IN LAHORE: The rupee-dollar parity remained unchanged at Lahore currency market on Saturday.
According to dealers, dollar resumed trading at overnight Rs 90.20 and Rs 90.50 as buying and selling rates, respectively, and ended at the same levels.
However, the rupee lost 20 paisa on buying side while it stayed unchanged on selling side in relation to pound, which was purchased and sold at Rs 141.20 and Rs 142.00 as compared to Friday's closing rates of Rs 141.00 and Rs 142.00, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 89.00 (buying) and Rs 89.20 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 89.00 (buying) and Rs 89.20 (selling).
Pound Sterling opened at Rs 138.00 (buying) and Rs 138.90 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 138.00 (buying) and Rs 138.90 (selling).
Comments
Comments are closed.