THE RUPEE: no change

The rupee-dollar parity was unchanged on the open market on Saturday in process of slow trading, dealers said. The rupee maintained its overnight levels against the dollar for buying and selling at 94.60 and 94.80, they said. While, the rupee continued its overnight weakness versus the euro, losing 70 paisa for buying and selling at Rs 123.50 and Rs 124.50, they added.
OPEN MARKET RATES: At the week-end, the dollar fell broadly, hitting a four-month low against the euro as investors embraced riskier assets a day after the US Federal Reserve announced aggressive new stimulus to bolster the economic recovery.
The Fed's decision, plus more confidence about the euro zone debt crisis after recent European Central Bank action, put the single currency on track for a 2.4 percent gain against the greenback this week, its best weekly performance since late January. The dollar has fallen against the euro for four straight sessions.

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Open Buying     Rs 94.60

Open Selling    Rs 94.80

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RUPEE IN LAHORE: The Pak rupee-dollar parity stayed unchanged amid low trading activity on the local currency market on Saturday.
According to the currency dealers, there was no change in the dollar's demand and supply situation that helped rupee stability. The dollar resumed trading at its overnight closing of Rs 94.75 and Rs 95.00 as its buying and selling rates, respectively. The dollar's rate witnessed fractional change during the day's trading but finally it was closed at the opening level, the dealers said.
On the other hand, the rupee could not get out of the continued pressure and was further declined against the pound sterling. The pound's buying and selling rates were increased from Friday closing of Rs 151.75 and Rs 152.10 to Rs 152.80 and Rs 153.30, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 94.2 (buying) and Rs 94.3 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.2 (buying) and Rs 94.3 (selling).
Pound Sterling opened at Rs 146 (buying) and Rs 146.5 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.5 (selling).
Copyright Business Recorder, 2012