KARACHI: The rupee managed to recover modestly in terms of the dollar in the money market in process of trading, dealers said. The rupee gained 10 paisas versus the dollar for buying and selling at Rs 107.10 and Rs 107.30, they said. The rupee also picked up 40 paisas in relation to the euro for buying and selling at Rs 113.80 and Rs 115.30, they said.
OPEN MARKET RATES: At the weekend, the dollar gained on expectations of a constructive meeting between US President Donald Trump and Japanese Prime Minister Shinzo Abe, while Trump's comments on tax reform Thursday continued to support the greenback.
The euro touched $1.0608, its lowest level against the dollar since Jan. 19, while the dollar touched 113.85 yen, its highest against the Japanese currency since Feb. 1. The dollar index, which measures the greenback against a basket of six major currencies, rose as much as 0.3 percent to an 11-day high of 101.010. The index later pared gains and was last up about 0.2 percent at 100.880.
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Open Bid Rs 107.10
Open Offer Rs 107.30
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RUPEE IN LAHORE: The Pak rupee extended slide in relation to the greenback on the local currency market on Saturday.
According to the currency dealers, the dollar demand remained intact that kept the rupee under pressure.
The dollar's buying and selling rate improved from the overnight closing of Rs 107.20 and Rs 107.50 to Rs 107.40 and Rs 107.70, respectively, the dealers said.
However, the rupee showed stability and stayed unchanged on buying side at Rs 133.50 against the British pound. However, it remained depressed on the selling side and ended at Rs 135.25 as compared to the day earlier closing of Rs 134.30, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee was unchanged against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday. The dollar opened at Rs 108.10 (buying) and Rs 108.20 (selling) against dollar and closing was seen at the same levels). Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at Rs 130 (buying) and Rs 131.50 (selling).
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