THE RUPEE: firm trend

30 Dec, 2012

Firmness prevailed on the currency market on Saturday as the rupee held overnight level in process of trading, dealers said. The rupee was unchanged against the dollar for buying and selling at 97.70 and 97.90, they said. The rupee also shed 20 paisa in relation to the euro for buying at Rs 128.50 and Rs 129.50, they said.


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Open Buying Rs.97.70
Open Selling Rs.97.90
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According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 97.80 and Rs 98.10 as its buying and selling rates, respectively. The dollar amid low trading activity was closed at Rs 97.80 and Rs 98.00 on buying and selling counters, respectively. The Pak rupee-pound sterling parity stayed unchanged amid sluggish trading trend. The pound was purchased and sold at its Friday closing of Rs 157.00 and Rs 158.00, respectively, the dealers said.
The dollar resumed trading at Rs 98.50 for buying and Rs 98.60 for selling against the same last rate. It did not observe further change in the evening session and closed at Rs 98.50 for buying and Rs 98.60 for selling. Pound Sterling opened at Rs 158.50 for buying and Rs 158.60 for selling against same last rate. It did not observe further change in the second session and closed at Rs 158.50 for buying and Rs 158.60 for selling.

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