The rupee showed slight changes against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee did not move any side in terms of the dollar for buying at Rs 138.80, it however, fell by 10 paisas for selling at Rs 139.30, they said. The rupee, however, gained 80 paisas versus the euro for buying and selling at Rs 158.20 and Rs 159.90 respectively, they said.
OPEN MARKET RATES: In the final US trade, the dollar rose against the euro on Friday, boosted by technical factors after the single currency hit key resistance levels, even as the greenback's outlook remained bleak amid cautious signals from the Federal Reserve about further rate hikes.
This week's Fed minutes, which underscored the US central bank's flexibility on monetary policy, triggered dollar selling that lifted the euro as high as $1.1581 and propelled it past a 100-day moving average for the first time in three months.
========================
Open Bid Rs.138.80
Open Offer Rs.139.30
========================
RUPEE IN LAHORE: The Pak rupee showed strength as it recovered its earlier losses versus the greenback in the local currency market on Saturday.
Following lack of buyers' interest in the market, the greenback gained 20 paisas and ended higher for buying and selling at Rs 138.50 and Rs 139.60 against the overnight closing trend of Rs 138.70 and Rs 139.60 respectively, local currency dealers said.
The local currency, however, maintained declining trend for the second consecutive day against the pound sterling. The pound's buying and selling rates further improved from Friday's closing of Rs 176.00 and Rs 177.50 to Rs 176.60 and Rs 177.80 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 5 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 138.90 (buying) and Rs 139.10 (selling) against last rate of Rs 138.85 (buying) and Rs 139.05 (selling). It closed at Rs 138.90 (buying) and Rs 139.10(selling).
The buying and selling rates of one tola of gold was Rs 67,800(selling) and Rs 67,5000 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.
Comments
Comments are closed.