THE RUPEE: slight gains

The rupee maintained firm trend in relation to the dollar on the money market on Saturday, dealers said. The rupee inched up versus the dollar, gaining five paisa for buying and selling at Rs 102.35 and Rs 102.55, they said. The rupee also gained 25 paisa against the euro for buying and selling at Rs 114.25 and Rs 114.50, they said.
OPEN MARKET RATES: At the week-end, the US dollar failed to rally against a basket of major currencies after a mixed US jobs report stoked uncertainty over the timing of Federal Reserve rate hikes, but gains against the euro helped the currency edge higher. US Labour Department data showed non-farm payrolls increased 223,000 last month, while the unemployment rate dropped to a near seven-year low of 5.4 percent. March payrolls, however, were revised to show only 85,000 jobs were created, the smallest since June 2012.

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Open Bid       Rs 102.35

Open Offer     Rs 102.55

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

RUPEE IN LAHORE: The Pak rupee registered marginal gain of five-paisa against the US dollar on the local currency market on Saturday.
According to currency dealers, the dollar resumed trading at its day earlier closing of Rs 102.50 and Rs 102.75 as its buying and selling rate, respectively. In the absence of buyers' interest, the dollar could not sustain and declined to Rs 102.45 and Rs 102.70 on buying and selling side, respectively.
On the contrary, the rupee maintained downward slide for another day and depreciated against the pound sterling. The pound's buying and selling rates further increased from the Friday closing of Rs 156.90 and Rs 157.20 to Rs 157.50 and Rs 157.75, 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