THE RUPEE: rates unchanged

The rupee was unchanged against the dollar on the money market on Saturday in the process of trading, marketmen said.
OPEN MARKET RATES: The rupee held the overnight levels against the dollar for the second day in a row, showing no change for buying and selling at Rs 156.00 and Rs 157.00, they said. The rupee was trading in relation to the euro for buying and selling at Rs 175.50 and Rs 178.00, they said.
In the final US trade, US dollar gained against a basket of currencies to its highest levels in 2-1/2 weeks on Friday after data showed that US job growth rebounded strongly in June.
Non-farm payrolls increased by 224,000 jobs last month, the most in five months, and well above the 160,000 jobs forecast by economists.
The strong gains came after job growth slowed sharply in May. The economy created 11,000 fewer jobs in April and May than previously reported, the government said on Friday.
The data came as many traders and investors were away, a day after the July 4 holiday and ahead of the weekend.
The dollar index, which measures the greenback against a basket of six major currencies, was last at 97.311, up 0.56%, after earlier rising to 97.443, the highest level since June 19.

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Open Bid       Rs.156.00

Open Offer     Rs.157.00

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RUPEE IN LAHORE: The Pak rupee stayed weak and declined by 30-paisa on buying side and 10-paisa on selling side in relation to the greenback in the local currency market on Saturday.
According to the currency dealers, the dollar resumed trading on a positive note and registered further gain following fresh buying. At close of trading, the dollar ended higher at
Rs 156.30 and Rs 156.90 against the overnight closing of Rs 156.00 and Rs 156.80 as its buying and selling rate, respectively.
However, the rupee showed strength and appreciated against the British pound. The pound's buying and selling rate declined from the day earlier closing of Rs 195.50 and Rs 197.00 to Rs 195.30 and Rs196.50, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 50 paisas against the dollar at the local currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 157.25 (buying) and Rs 157.35 (selling) against last rate of Rs 157.75 (buying) and Rs 157.85 (selling). It closed at Rs 157.25 (buying) and Rs 157.35 (selling).
The buying and selling rates of one tola of gold was Rs 78,500 (selling) and Rs 78,000 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.
Copyright Business Recorder, 2019