The rupee was firm against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee stayed put in terms of the dollar for buying and selling at Rs 105.00 and Rs 105.20 respectively, they said, adding it continued slide in relation to the euro, losing 65 paisas for buying and selling at Rs 119.75 and Rs 120.75 respectively.
OPEN MARKET RATES: At the week-end, the US dollar was on track for its biggest weekly percentage decline against the yen since the 2008 financial crisis in the aftermath of the Bank of Japan's decision not to ease policy further, while strong euro zone growth data boosted the euro.
The dollar was last down 1.27 percent against the yen at 106.71 yen on Friday, near an 18-month low of 106.67 touched earlier in the US session. The greenback was down about 4.5 percent against the yen for the week, putting it on track for its biggest weekly loss since October 2008. The dollar also tumbled against the euro, with the euro hitting its highest against the dollar in two and a half weeks, at $1.1459. The euro was last up 0.86 percent against the dollar at $1.1449.
========================
Open Bid Rs 105.00
Open Offer Rs 105.20
========================
RUPEE IN LAHORE: The rupee-dollar parity stayed unchanged amid sluggish trading on the local currency market on Saturday.
According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 105.25 and Rs 105.45 as its buying and selling rate, respectively. The dollar did not observe any change in its demand and supply situation that helped rupee to keep it's present levels. As a result, the dollar's opening rate continued to prevail till close of trading, the dealers said.
On the other hand, the local currency marginally improved on buying side but failed to maintain its position on selling side in relation to the pound sterling that was bought and sold at Rs 152.45 and Rs 153.45 as compared with the Friday's closing of Rs 152.50 and Rs 153.40, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar stayed put against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against the rupee, it showed no variation in the second session in the process of trading.
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
Comments
Comments are closed.