Easier trend was seen on the currency market on Saturday in process of trading, dealers said. The rupee shed 10 paisa in relation to dollar for buying and selling at 94.60 and 94.80, they said. The rupee showed no variation against euro for buying and selling at Rs 115.70 and Rs 116.70, respectively.
OPEN MARKET RATES: At the weekend euro hit a six-week high against the Japanese yen in thin trade as positive comments made by German Chancellor Angela Merkel the previous day continued to buoy expectations that significant action will be taken to stem the euro zone debt crisis. The dollar rose to a five-week high against yen, buoyed by a recent rise in US government bond yields in the wake of firmer economic data and as a greater appetite for riskier assets hurt the safe-haven Japanese currency.
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Open Buying Rs 94.50
Open Selling Rs.94.70
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading activity in the local currency market on Saturday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 94.60 and Rs 95.00 as its buying and selling rates, respectively. The dollar's opening rates continued to prevail in the absence of any change in its demand and supply throughout the day, the dealers said.
However, the rupee maintained downward trend and was depreciated against the pound sterling. The pound was purchased and sold at Rs 147.20 and Rs 147.80 as compared to Rs 147.10 and Rs 147.60 of Friday, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 94.20 (buying) and Rs 94.30 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.20 (buying) and Rs 94.30 (selling).
Pound Sterling opened at Rs 146 (buying) and Rs 146.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.50 (selling).
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