THE RUPEE: steadier trend

Further gains seen on the local currency market on Saturday as the rupee managed to pick up modestly against the dollar in the process of trading, dealers said.
OPEN MARKET RATES: The rupee sustained overnight levels in terms of the dollar for buying and selling at Rs 102.30 and Rs 102.50, they said.
The rupee shed more 25 paisa in relation to the euro for buying and selling at Rs 110.40 and Rs 110.65, they said.
At the week-end, the US dollar posted its worst week in four against a currency basket after data showing a rise in consumer prices failed to alleviate concerns that recent soft US economic data could delay the Federal Reserve's first rate hike.
The dollar rebounded against major currencies in morning trading after data showed US consumer prices rose 0.2 percent in March, while closely watched core consumer prices rose 1.8 percent year-on-year, inching closer to the Fed's 2.0 percent target.

========================

Open Bid       Rs 102.30

Open Offer     Rs 102.50

========================

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

RUPEE IN LAHORE: The rupee staged a recovery return by gaining 10 paisa against the US dollar on Saturday as the dollar dealing resumed gloomily though the latter remained under pressure.
The dollar ended at Rs 102.50 and Rs 102.75 on the buying and selling side against the overnight closing of Rs 102.60 and Rs 102.85 while the rupee nosedived against the British pound sterling being traded at Rs 152.60 and Rs 152.85 on the buying and selling counter compared with the Friday closing of Rs 152.50 and Rs 152.75.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at 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