The rupee held the present levels against the dollar on the money market on Saturday in the process of trading activity, dealers said.
OPEN MARKET RATES: The rupee did not show any change in relation to the dollar for buying and selling at Rs 138.60 and Rs 139.10 respectively, while it gained 40 paisas against the euro for buying and selling at Rs 155.40 and Rs 157.20 respectively, they said.
In the final US trade, the US dollar was modestly higher on Friday morning, steadying after it whipsawed following a report showing import price data weakened for the third straight month in January, the latest sign of weak inflation pressures.
The dollar index, which measures the currency against a basket of six rivals, was 0.2 percent higher, recovering after a week that included several weak data reports, including dismal US retail sales. Major currencies remained range-bound as the market awaited developments in trade talks between Washington and Beijing.
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Open Bid Rs.138.60
Open Offer Rs.139.10
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RUPEE IN LAHORE: The Pak rupee showed strength and gained 5-paisa on buying side and 30-paisa on selling side in relation to the greenback in the local currency market on Saturday.
The dollar resumed trading on a depressed note and remained under pressure due to lacking buyer's interest. At close of trading, the dollar declined from the overnight closing of Rs 138.70-139.50 to Rs 138.65 and Rs 139.20 on buying and selling counter, respectively.
The rupee stayed unchanged on buying side while it declined on selling side against the pound sterling. The pound was traded on buying and selling side at Rs 177.00 and Rs 178.50 as compared to Friday closing of Rs 177.00-178.00, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained five paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs138.85 (buying) and Rs 138.90(selling) against last rate of Rs138.90 (buying) and Rs 138.95 (selling). It closed at Rs138.85 (buying) and Rs 138.90(selling).
The buying and selling rates of one tola of gold was Rs Rs. 67,300 (selling) and Rs 67,000 (buying) in the local Sarafa (gold) markets of Rawalpindi and
Islamabad.
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