THE RUPEE: steadier trend

17 Feb, 2013

The rupee maintained firm posture against the dollar on the open market on Saturday in the process of trading, dealers said. The rupee for the third day in a row held its overnight levels against the dollar for buying and selling at 99.00 and 99.25, they said. The national currency was also firm versus the euro for buying and selling at Rs 132.50 and Rs 132.75, they added.


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Bid Rate Rs 99.00
Offer Rate Rs 99.25
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According to the currency dealers, the dollar commenced trading at its overnight closing of Rs 99.45 and Rs 99.70 as its buying and selling rates, respectively. In the absence of buyers' interest, the dollar was marginally declined to Rs 99.40 and Rs 99.65 on buying and selling side, respectively.
However, the Pak rupee-pound sterling parity remained unchanged amid low trading activity. The pound was traded at its Friday closing of Rs 154.70 and Rs 155.50 on buying and selling counters, respectively, the dealers said.
The dollar opened at Rs 99.80 for buying and Rs 99.90 for selling against last rate of Rs 99 for buying and Rs 99.10 for selling against the same last rate. The buying and selling rates touched Rs 100 during day's trading and finally closed at Rs 99.80 for buying and Rs 99.90 for selling respectively.
Pound Sterling opened at Rs 154 for buying and Rs 155 for selling against the same overnight value. It did not observe further change in the last trading hours and closed at Rs 154 for buying and Rs 155 for selling respectively.

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