The rupee did not move any side against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee sustained its last levels against the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, they added. The rupee shed 20-paisa in relation to the euro for buying and selling at Rs 115.20 and Rs 116.20 respectively, they added.
OPEN MARKET RATES: All the markets including currency markets in the US remain closed on Friday for the New Year's Day holiday. According to reports, the dollar is outperforming all of its 16 major peers in 2015 as the Federal Reserves began its first interest-rate-raising cycle in almost a decade.
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Open Bid Rs 105.90
Open Offer Rs 106.10
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RUPEE IN LAHORE: The Pak rupee declined against the US dollar and British pound on the local currency market on Saturday.
According to the currency dealers, the dollar resumed trading at healthy note and kept on fresh buying.
At close, the dollar ended higher at Rs 106.50 and Rs 107.00 as its buying and selling rate against the overnight closing of Rs 106.10 and Rs 106.70, respectively.
Similarly, the rupee failed to maintain rising trend and depreciated against the pound sterling that was purchased and sold at Rs 155.50 and Rs 156.50 as compared with the Friday closing of Rs 155.10 and Rs 156.00, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength 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 same last rate. 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).
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