The rupee surrendered it overnight gains against the dollar on the money market on Saturday, dealers said. The rupee lost 15 paisa in relation to the dollar for buying and selling at Rs 99.55 and Rs 99.75, they said. In contrast, the rupee picked up five paisa against the euro for buying at Rs 130.75 and Rs 131.00, they said.
The headline figure was 175,000 jobs, compared with a forecast of 170,000, but the unemployment rate edged higher to 7.6 percent. The dollar initially jumped above 96 yen after the data from about 95.68 yen, just before. It was last at 95.84, down 1.1 percent. The euro fell against the dollar after the data to around $1.3233, from $1.3268 before the data's release. It was last at $1.3242, flat on the day.
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Open Bid Rs 99.55
Open Offer Rs 99.75
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The dollar resumed trading at Rs 99.40 for buying and Rs 99.70 for selling against the same last rate. The dollar witnessed some minor change during Saturday's trading but finally closed at Rs 99.40 and Rs 99.70 on buying and selling counters, respectively.
Likewise, the British pound-Pak rupee parity remained unchanged. The Pound Sterling was purchased and sold at Rs 153.70 and Rs 154.30 as against same rate on Friday.
The dollar opened at Rs 99.40 for buying and Rs 99.60 for selling against last rate of Rs 99.80 for buying and Rs 100 for selling. It did not observe further change in the second session, and closed at Rs 99.40 for buying and Rs 99.50 for selling in the second session. Pound Sterling opened at Rs 151.70 for buying and Rs 155 for selling against same last rate. It closed at the same rate without further change by the end of evening session.