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 overnight levels in relation to the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, they said.The rupee continued fall in terms of the euro, losing 25 paisas for buying and selling at Rs 118.00 and Rs 119.00 respectively.
OPEN MARKET RATES: At the week-end, the dollar fell against a basket of major currencies, recording its biggest one-day fall in three weeks, on persistent doubts whether the Federal Reserve would raise interest rates again this year due to softening inflation data.
The greenback also broadly weakened versus commodity-linked currencies, which got a boost as global benchmark Brent futures recovered from a seven-month low.
Trading volume was muted in the absence of major economic data. "This has been largely a week of consolidation among major currency pairings given the lack of economic data this week," said Omer Esiner, chief market strategist at Commonwealth Foreign Exchange in Washington.
The dollar index, which tracks the dollar against six major peers, fell 0.35 percent at 97.248, retreating further from a one-month peak reached on Tuesday.
The euro was up 0.44 percent at $1.1198, while the greenback slipped nearly 0.1 percent against the yen, to 111.25 yen.
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Open Bid Rs 105.90
Open Offer Rs 106.10
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Open market Rates: Open market Rates For Dollar on Saturday.
RUPEE IN LAHORE: The Pakistani rupee depreciated on buying side while it stayed unchanged on selling side against the US dollar in the local currency market on Saturday.
The dollar commenced trading on its overnight trend of Rs 106.00 and Rs 106.35 as its buying and selling rates respectively.
At the close, it registered appreciation on buying counter and ended at Rs 106.15. However, no change in its value took place on selling counter as it sustained its opening trend of Rs 106.35, said the local currency dealers.
Moreover, the national currency showed mixed patterns as it moved both ways versus the pound sterling.
The British currency was bought and sold at Rs 133.50 and Rs 134.50 against Rs 133.40 and Rs 134.60 of Friday, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 105.95 (buying) and Rs 106.10 (selling). It closed at the same rate.
Buying and selling rates of British Pound remained Rs 136.50 (buying) and Rs 138.50 (selling).
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