The rupee held the overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 99.80 at Rs 99.95 respectively, they said.
OPEN MARKET RATES: The rupee could not maintain its firmness, losing 20 paisa in relation to the euro for buying and selling at Rs 137.20 and Rs 137.50, respectively. At the week-end, the dollar fell against other major currencies after rising in early trading even though US data showed solid jobs gains for a second straight month.
The March jobs report was generally in line with market expectations and eases the way for the Federal Reserve to keep cutting back its bond-buying programme, analysts and strategists said. The dollar index was off 0.07 percent at 80.415 after touching 80.599, its highest since February 27.
Open Market Rates: Open Market Rates For Dollar on Saturday.
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Bid Rate Rs 99.80
Offer Rate Rs 99.95
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RUPEE IN LAHORE: The national currency showed stability, as Pak rupee-dollar parity remained unchanged amid sluggish trading trend on the local currency market on Saturday. According to the currency dealers, the dollar was opened at its overnight closing of Rs 100.00 and Rs 100.25 as its buying and selling rates, respectively. The dollar did not observe any change its buying and selling rates during the day's trading and the opening rates continued to prevail till close of trading, the dealers said.
However, the Pak rupee maintained upward slide and was further appreciated against the pound sterling. The pound was traded at Rs 165.85 and Rs 166.25 on buying and selling counters compared with Friday closing of Rs 166.00 and Rs 166.35, 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 100 for buying and Rs 100.10 for selling against same last rate. It did not observe further change in the second session and closed at Rs 100 for buying and Rs 100.10 for selling.
Pound Sterling opened at Rs 165 for buying and Rs 165.50 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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