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Pakistan rupee appreciated on Thursday in interbank market against USD whereas it showed a mixed trend in open market.

INTER-BANK MARKET RATES: Pakistan rupee went up by Rs 1.30 for buying and by Rs 1.40 for selling against USD in interbank market closing at 160.20 and 160.60 respectively.

OPEN MARKET RATES: In the open market, against USD, PKR appreciated by 50 paisas for both buying and selling closing at 160 and 161 respectively.

Against Euro, PKR did not show any change in exchange rate with respect to Wednesday's rates closing at 172 and 174 for buying and selling respectively.

Against UAE Dirham, PKR exchange rate remained unchanged for buying whereas it depreciated by 10 paisas for selling closing at 42.50 and 43 for buying and selling respectively.

Against Saudi Riyal as well, PKR exchange rate remained unchanged for buying while it depreciated by 20 paisas for selling closing at 41.20 and 41.70 for buying and selling respectively.

LAHORE

The Pak rupee showed weakness in relation to the greenback and the British Pound at the open currency market, here on Thursday.

The dollar opened at Rs 159.00 and Rs 162.00 on buying and selling counters, respectively, as compared to Rs 158.50 (buying) and Rs 161.00 (selling) on Wednesday. The greenback appreciated its worth and closed on positive note at Rs 158.60 (buying) and Rs 161.60 (selling), respectively, the currency dealers said.

Similarly, the local currency followed the same suit in relation to the British Pound that was bought and sold at Rs 196.20 and Rs 199.00, respectively, they added.

Copyright Business Recorder, 2020

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