THE RUPEE: steadier trend

19 May, 2013

Firmness prevailed on the money market at the week-end as the rupee held the overnight levels in the process of trading, dealers said. The rupee managed to hold the overnight levels against the dollar for buying and selling at 99.75 and 99.95, they said. While, the national currency maintained rising trend versus the euro, picking up 10 paisa for buying and selling at Rs 128.05 and Rs 128.30, they said.


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Open Bid Rs 99.75
Open Offer Rs 99.95
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According to the currency dealers, the Pak rupee lost five-paisa on buying side (Rs 99.85) while it stayed unchanged on selling side (Rs 100.00) against the US dollar, they said.
The dollar observed no visible change in its rate during the day. However, on close of trading, it was ended at Rs 99.85 and Rs 100.00 on buying and selling counters, respectively. The national currency showed strength and was appreciated against the British pound. The pound's buying and selling rates were declined from last day closing of Rs 151.75 and Rs 152.00 to Rs 151.50 and Rs 151.75, respectively, the dealers said.

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