KARACHI: On Thursday, PKR continued to fall going above 160 against USD in both interbank and open markets. It also continued to fall against Euro, AED and SR in open market.

INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee fell by 90 pasias for both buying and selling against USD over yesterday's rates closing at 160.60 and 160.80 respectively.

OPEN MARKET RATES: In the open market, PKR lost 85 paisas for buying and 80 paisas for selling over yesterday's rates closing at 160.60 and 161 respectively.

Against Euro, PKR fell by one rupee for buying and 50 paisas for selling closing at 189 and 190.50 respectively.

Against UAE Dirham, PKR fell by 60 paisas for buying and 65 paisas for selling closing at 43.90 and 44.20 respectively.

Against Saudi Riyal, PKR lost 30 paisas for buying and selling closing at 42.40 and 42.70 respectively.

========================Open Bid       Rs 160.60Open Offer     Rs 161.00========================

Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.

========================Bid Rate       Rs 160.60Offer Rate     Rs 160.80========================

RUPEE IN LAHORE: The Pak rupee continued steep fall versus major currencies including the greenback and the British pound in the local currency market on Thursday.

The short supply phenomenon of the greenback prevailed for the third consecutive day in the market which helped its further appreciation for buying and selling at Rs 160.50 and Rs 161.80 against the overnight closing rate of Rs 158.50 and Rs 159.90 respectively, local currency dealers said.

Similarly, the rupee maintained downward slide for the fourth consecutive day against the pound sterling and was bought and sold at Rs 210.40 and Rs 212.00 against Wednesday's closing trend of Rs 209.10 and Rs 211.00 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 50 paisas against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs 160.50(buying) and Rs160.60 (selling) against last rate of Rs 160(buying) and Rs160.10(selling).

It closed at Rs 160.50(buying) and Rs160.60(selling).

The buying and selling rates of one tola of gold was Rs111,700(selling) and Rs111,500(buying) at the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.

Copyright Business Recorder, 2020