Steadier trend as again witnessed on the local money market on Saturday as the rupee moved positively against the dollar on Saturday, dealers said. The rupee gained five paisa in terms of the dollar for buying at Rs 105.90 but it did not move any side for selling at Rs 106.20, they said.
OPEN MARKET RATES: The rupee picked up 10 paisa versus the euro for buying and selling at Rs 114.10 and Rs 115.10, they added. On Friday, the dollar rose as statements from Federal Reserve officials and US economic data continued to support expectations that the US central bank may raise interest rates in December. US consumer sentiment beat forecasts, gaining for the second straight month and showed an improvement in buying plans for large discretionary purchases, especially vehicles.
========================
Open Bid Rs 105.90
Open Offer Rs 106.20
========================
Open Market Rates: Open Market Rates For Dollar on Saturday.
RUPEE IN LAHORE: The rupee was stable against the dollar on the Lahore open market on Saturday, dealers said.
At the closing-hours the dollar slid down at Rs 106.00 and Rs 106.50 on the buying and selling side against Rs 106.30 and Rs 106.60 of Friday.
The pound sterling was traded at Rs 161.40 and Rs 161.75 the on buying and selling counter, as compared with the day earlier closing of Rs 161.00 and Rs 161.50.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained against the Pak rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against overnight value of Rs 105 (buying) and Rs 105.20 (selling). It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
Comments
Comments are closed.