The rupee retained its overnight levels against dollar in the interbank market on Saturday for buying and selling at Rs 60.61 and Rs 60.62, dealers said. It is expected that the rupee would move both ways against dollar in the coming days. If the dollar supply improves, the rupee to depict firmness, otherwise it may face some setback, they said.
In the world markets dollar posted fresh gains against euro but fell against yen in the final session of the week as investors debated whether the credit crisis would drag on global growth despite initial enthusiasm for a White House plan to help US homeowners cope with tough lending conditions.
OPEN MARKET RATES: The rupee maintained its overnight levels against dollar for buying and selling at Rs 60.90 and at Rs 60.95, they said. The rupee gained 32 paisa against euro for buying and selling at Rs 82.62 and Rs 82.72, they added.
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Kerb Buying Rs 60.90
Kerb Selling Rs 60.95
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 60.61
Selling Rs 60.62
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RUPEE IN LAHORE: The rupee recovered 5 paisa against dollar in Lahore currency market on Saturday. Dealers said that dollar commenced trading at Rs 60.90 and Rs 61.00 on buying and selling counters, respectively. As a result of increase in supply, the dollar moved down and closed at Rs 60.85 and Rs 60.95 on buying and selling sides, respectively, they said.
Similarly, the local currency gained strength against pound sterling, whose buying rate declined from Rs 122.30 to Rs 122.10 and selling rate slipped from Rs 122.50 to Rs 122.40, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency exchange establishments of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against the same overnight value. It did not observe any change in the second session and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound sterling opened at Rs 123.30 (buying) and Rs 123.70 (selling) against the previous rate. It did not observe any change in the evening session and closed at Rs 123.30 (buying) and Rs 123.70 (selling).
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