The rupee held the overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 99.80 at Rs 99.95 respectively, they said.
The March jobs report was generally in line with market expectations and eases the way for the Federal Reserve to keep cutting back its bond-buying programme, analysts and strategists said. The dollar index was off 0.07 percent at 80.415 after touching 80.599, its highest since February 27.
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Bid Rate Rs 99.80
Offer Rate Rs 99.95
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However, the Pak rupee maintained upward slide and was further appreciated against the pound sterling. The pound was traded at Rs 165.85 and Rs 166.25 on buying and selling counters compared with Friday closing of Rs 166.00 and Rs 166.35, respectively, they added.
The dollar opened at Rs 100 for buying and Rs 100.10 for selling against same last rate. It did not observe further change in the second session and closed at Rs 100 for buying and Rs 100.10 for selling.
Pound Sterling opened at Rs 165 for buying and Rs 165.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.