Bears dominated the open currency market on Saturday as the rupee continued its fall against the dollar for the second day in a row, experts said. The rupee was down by 10-paisa against the dollar buying and selling at 96.60 and 96.80, they said. The rupee maintained overnight levels in terms of the euro for euro for buying and selling at Rs 122.00 and Rs 123.00, they added.
OPEN MARKET RATES: At the week-end, the yen recovered slightly but was still on track to post it worst weekly performance against the dollar since mid-February as expectations of aggressive monetary easing from the Bank of Japan diminished the currency's appeal. The euro, meanwhile, continued to struggle on concerns about Greece's fiscal problems and Europe's stagnant economy.
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Open Buying Rs 96.60
Open Selling Rs.96.80
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RUPEE IN LAHORE: The Pak rupee-dollar parity stayed put amid sluggish trading on the local currency market on Saturday. The dollar was traded at its day earlier closing of Rs 96.60 and Rs 96.90 as its buying and selling rates, respectively, the currency dealers said.
Similarly, the national currency remained unchanged on buying side but was declined by 10-paisa on selling side against the British pound. The pound was purchased and sold at Rs 152.20 and Rs 152.70 compared with the Friday closing of Rs 152.20 and Rs 152.60, respectively, they 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 95 (buying) and Rs 95.60 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 95 (buying) and Rs 95.60 (selling).Pound Sterling opened at Rs 151.90 (buying) and Rs 153 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 151.90 (buying) and Rs 153 (selling).
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