The rupee maintained overnight levels against the dollar on the money market on Saturday in process of trading, dealers said. The rupee, somehow, resisted further decline versus the dollar for buying and selling at Rs 106.50 and Rs 106.70, they said.
OPEN MARKET RATES: The rupee was unchanged in relation to the euro for buying at 124.50 while, the national currency, shed 25 paisas for selling at Rs 125.75, they said.
In the final New York trade, the US dollar tumbled on a report that North Korea is preparing to test a long-range missile, overturning earlier gains after the government's jobs report for September showed an unexpected rise in wages.
RIA news agency cited a Russian lawmaker's making comments on the missile test, which North Korea believes can reach the US West Coast.
The dollar earlier rose to a more than two-month high against the yen and seven-week high against the euro as wage data from the September labor market report was seen as a sign of potentially improving inflation.
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Open Bid Rs 106.50
Open Offer Rs 106.70
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RUPEE IN LAHORE: The Pak rupee slid on buying side whereas it stayed unchanged on selling side in relation to the US dollar in the local currency market on Saturday.
According to currency dealers, the trading activity of the US dollar resumed on its overnight closing trend of Rs 106.65 and Rs 106.95 as it's buying and selling rates, respectively. At the close, it registered significant improvement on buying counter and ended at Rs 106.85. However, it did not witness any change on selling counter as it maintained its opening trend of Rs 106.95, they added.
Furthermore, the rupee-pound parity stayed unchanged amid sluggish trend in the market.
The pound sterling was traded at Rs 139.00 and Rs 140.00 on buying and selling side against the same closing rate of Friday, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Saturday.
he dollar opened at Rs 106.70 (buying) and Rs 107 (selling) against same last rate. It closed at the same rates.
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