AGL 37.72 Decreased By ▼ -0.22 (-0.58%)
AIRLINK 168.65 Increased By ▲ 13.43 (8.65%)
BOP 9.09 Increased By ▲ 0.02 (0.22%)
CNERGY 6.85 Increased By ▲ 0.13 (1.93%)
DCL 10.05 Increased By ▲ 0.52 (5.46%)
DFML 40.64 Increased By ▲ 0.33 (0.82%)
DGKC 93.24 Increased By ▲ 0.29 (0.31%)
FCCL 37.92 Decreased By ▼ -0.46 (-1.2%)
FFBL 78.72 Increased By ▲ 0.14 (0.18%)
FFL 13.46 Decreased By ▼ -0.14 (-1.03%)
HUBC 114.10 Increased By ▲ 3.91 (3.55%)
HUMNL 14.95 Increased By ▲ 0.06 (0.4%)
KEL 5.75 Increased By ▲ 0.02 (0.35%)
KOSM 8.23 Decreased By ▼ -0.24 (-2.83%)
MLCF 45.49 Decreased By ▼ -0.17 (-0.37%)
NBP 74.92 Decreased By ▼ -1.25 (-1.64%)
OGDC 192.93 Increased By ▲ 1.06 (0.55%)
PAEL 32.24 Increased By ▲ 1.76 (5.77%)
PIBTL 8.57 Increased By ▲ 0.41 (5.02%)
PPL 167.38 Increased By ▲ 0.82 (0.49%)
PRL 31.01 Increased By ▲ 1.57 (5.33%)
PTC 22.08 Increased By ▲ 2.01 (10.01%)
SEARL 100.83 Increased By ▲ 4.21 (4.36%)
TELE 8.45 Increased By ▲ 0.18 (2.18%)
TOMCL 34.84 Increased By ▲ 0.58 (1.69%)
TPLP 11.24 Increased By ▲ 1.02 (9.98%)
TREET 18.63 Increased By ▲ 0.97 (5.49%)
TRG 60.74 Decreased By ▼ -0.51 (-0.83%)
UNITY 31.98 Increased By ▲ 0.01 (0.03%)
WTL 1.61 Increased By ▲ 0.14 (9.52%)
BR100 11,289 Increased By 73.1 (0.65%)
BR30 34,140 Increased By 489.6 (1.45%)
KSE100 105,104 Increased By 545.3 (0.52%)
KSE30 32,554 Increased By 188.3 (0.58%)

The rupee posted fresh gains against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee showed an improvement of 10 paisas in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, they said. The rupee also picked up 40 paisas in relation to the euro for buying and selling at Rs 114.60 and Rs 116.10 respectively, they said.
OPEN MARKET RATES: At the week-end, the euro rose against the US dollar after strong euro zone inflation figures, while the dollar edged higher against the yen after US wages data suggested the Federal Reserve would still hike interest rates two more times this year.
Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, on the verge of crossing over the European Central Bank's target of below but close to 2 percent, and above estimates for a rise of 1.8 percent. According to standard EU measures, in Italy it was 2 percent. That helped drive the euro as high as $1.0947, just below a 5-1/2-month high of $1.0950 struck earlier in the week.
Analysts said the latest inflation figures could prompt the ECB to take a more hawkish stance in its June statements by either upgrading its assessment of the European economy or suggesting less need for stimulus. The dollar rose as much as 0.4 percent against the yen to a session high of 111.71 yen, just below a nearly four-week high of 111.77 touched April 26, after US Labour Department data showed private wages and salaries accelerated 0.9 percent in the first quarter. That marked the largest increase in 10 years.



=======================
Open Bid Rs.105.80
Open Offer Rs.106.00
=======================

RUPEE IN LAHORE: The Pak rupee registered reduction against the US dollar in the local currency market on Saturday.
According to currency dealers, the dollar commenced trading on a positive note and kept on rising during the day's trading session. Following the short supply, it rose to Rs 105.90 and Rs 106.15 on buying and selling sides, respectively, as compared to the overnight closing rates of Rs 105.80 and Rs 106.10 respectively, they added.
Furthermore, the local currency showed mixed patterns as it moved both ways versus the pound sterling.
The British currency was bought and sold at Rs 135.50 and Rs 136.40 against Rs 135.60 and Rs 136.30 of Friday, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 106 (buying) and Rs 106.10 (selling). It closed at the same rate.
Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.
Copyright Business Recorder, 2017

Comments

Comments are closed.