THE RUPEE: Firm trend

Pakistan Rupee appreciated on Monday in both interbank and open markets against major currencies.

INTER-BANK MARKET RATES: Pakistan Rupee went up by 70 paisas for buying and by 10 paisas for selling against USD in interbank market closing at 159.50 and 160.50 respectively.

OPEN MARKET RATES: In the open market, PKR appreciated by 50 paisas for both buying and selling closing at same rates as those in interbank market i.e. 159.50 and 160.50 respectively. Against Euro, PKR appreciated by one rupee closing at 171 and 173 for buying and selling respectively.

Against UAE Dirham, PKR exchange rate went up by 50 paisas closing at 42 and 42.50 for buying and selling respectively.

Against Saudi Riyal PKR exchange rate went up by 20 paisas closing at 41 and 41.50 for buying and selling respectively.

LAHORE

The Pak rupee recovered its earlier losses and appreciated its worth in relation to the greenback and British Pound in the local currency market on Monday.

According to currency dealers, the greenback opened at Rs 158.50 and Rs 160.50 on buying and selling sides, respectively. At the close, the dollar was traded at Rs 157.50 and Rs 160 on buying and selling, counters, respectively, the dealers added.

The local currency also improved its worth against British Pound. The Pound was traded at Rs 192.50 and Rs 197.00 on buying and selling sides, respectively, the dealers added.

ISLAMABAD

The rupee recovered Rs 2 against the dollar at the open currency markets of Islamabad and Rawalpindi on Monday.

The dollar opened at Rs159(buying) and Rs 159.10(selling) against last rate of Rs161(buying) and Rs 161.10(selling).

It closed at Rs159(buying) and Rs 159.10(selling).

The buying and selling rates of one tola of gold were Rs 102,400 and Rs 102,000(buying) in the local Sarafa(gold) markets of twin cities of Islamabad and Rawalpindi.