THE RUPEE: Slight rise vs $

The rupee inched up in relation to the dollar on the money market at the week-end, dealers said.
OPEN MARKET RATES: The rupee moved up against the dollar, picking up 10-paisa for buying and selling at Rs 102.20 and Rs 102.40 respectively, while the national currency shed 40-paisa versus the euro for buying and selling at Rs 111.40 and Rs 111.65 respectively, they said.
At the week-end, the dollar tumbled on Friday after a significantly weaker-than-expected US jobs report that will increase speculation over whether the US Federal Reserve will hold off on tightening monetary policy for longer than expected.
The euro immediately spiked to a 1 percent gain following the report, touching a one week high of $1.10050 on the EBS trading platform. Trading volumes are very thin owing to the Easter holiday that has much of Europe closed and skeletal staffing at US banks.

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Open Bid       Rs 102.20

Open Offer     Rs 102.40

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Open Market Rates: Open Market Rates For Dollar on Saturday.

RUPEE IN LAHORE: The Pak rupee recorded marginal gain in relation to the greenback on the local currency market on Saturday.
Currency dealers said that the dollar resumed trading at its day earlier closing of Rs 102.35 and Rs 102.60 as its buying and selling rate, respectively.
In the absence of buyers' interest, the dollar failed to sustain and declined to Rs 102.30 and Rs 102.55 on buying and selling side, respectively.
However, the rupee failed to maintain rising trend and depreciated its worth against the British pound. The pound's buying and selling rate ended higher from Friday closing of Rs 151.10 and Rs 151.50 to Rs 152.25 and Rs 152.50, respectively, the dealers said.
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 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).
Copyright Business Recorder, 2015