The rupee maintained its overnight levels against the dollar on the currency market on Saturday, dealers said. The rupee held the last levels against the dollar for buying and selling at Rs 108.80 and Rs 109.00 respectively, while it also lost 50 paisa versus the euro for buying and selling at Rs 146.00 and Rs 146.25 respectively, they said.
OPEN MARKET RATES: At the week-end, the euro rose to a four-year peak against the yen and gained for a second straight day against the dollar on Friday as unexpectedly robust German business sentiment data raised the appeal of the euro zone common currency.
Comments from Federal Reserve officials saying a reduction in stimulus would be discussed at next month's monetary policy meeting failed to boost the dollar. Analysts said the market has already priced in talk of Fed tapering asset purchases in December, limiting its impact on the greenback.
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Open Bid Rs 108.80
Open Offer Rs 109.00
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Open Market Rates: Open Market Rates For Dollar on Saturday.
RUPEE IN LAHORE: The Pak rupee maintained downward slide, as it lost 10-paisa against the US dollar on the local currency market on Saturday.
According to the currency dealers, the dollar was opened on a positive note because of fresh buying activity. The dollar was closed higher at Rs 108.85 and Rs 109.10 as its buying and selling rates against Rs 108.75 and Rs 109.00 of Friday, respectively.
Likewise, the national currency remained under pressure and was further declined against the British pound. The pound was traded at Rs 174.75 and Rs 175.40, compared with day earlier closing of Rs 174.40 and Rs 174.65, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 108.40 for buying and Rs 108.50 for selling against same last rate. It did not observe further change in the second session and closed at Rs 108.40 for buying and Rs 108.50 for selling.
Pound Sterling opened at Rs 172 for buying and Rs 172.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.
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