KARACHI: On Thursday, Pakistan Rupee continued to gain value against US Dollar in both interbank and open markets on New Year’s Eve going below 160 in interbank market for both buying and selling. It also went up against Euro, AED and SR in open market. Globally, investors were moving towards riskier assets as hopes for financial recovery in 2021 gained traction.

INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee gained 40 paisas for both buying and selling against USD over yesterday’s rates closing at 159.80 and 159.90 respectively.

OPEN MARKET RATES: In the open market, PKR gained 35 paisas for both buying and selling over yesterday’s rates closing at 159.70 and 160 respectively.

Against Euro, PKR went up by 50 paisas for both buying and selling closing at 194 and 195.50 respectively thus reversing yesterday’s loss.

Against UAE Dirham, PKR gained 5 paisas for both buying and selling closing at 43.50 and 43.70 respectively.

Against Saudi Riyal, PKR gained 5 paisas for buying and 10 paisas for selling closing at 42.25 and 42.45 respectively.

========================Open Bid       Rs 159.70Open Offer     Rs 160.00========================

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

========================Bid Rate       Rs 159.80Offer Rate     Rs 159.90========================

RUPEE IN LAHORE: The Pak rupee maintained its upward slide for the third consecutive day against the US dollar in the local currency market on Thursday.

Due to the lack of buying interest in the market, the dollar remained under selling pressure for another day and ended further lower for buying and selling at Rs 159.80 and Rs 160.60 against the overnight closing trend of Rs 160.00 and Rs 161.00 respectively, local currency dealers said.

Furthermore, the rupee-pound sterling parity stayed unchanged amid sluggish trading activity in the market. As a result, the British currency firmly closed at its opening trend for buying and selling at Rs 215.00 and Rs 216.80 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 10 paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs160.50 (buying) and Rs160.60 (selling) against last rate of Rs160.60 (buying) and Rs160.70 (selling).

It closed at Rs160.50 (buying) and Rs160.60 (selling).

The buying and selling rates of one tola of gold was Rs113,600 (selling) and Rs113,300 (buying) at the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.

Copyright Business Recorder, 2021