KARACHI: The rupee almost held the overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee showed no change against the dollar for buying and selling at Rs 106.50 and Rs 106.70 respectively, however it lost 40 paisas in terms of the euro for buying and selling at Rs 113.00 and Rs 114.50 respectively, they said.
Merk noted multiple reports from euro zone countries supporting the premise that the economy is gaining traction. The ECB raised its growth and inflation targets for the euro zone in 2018 following its March meeting Wednesday. The euro rose more than 1.1 percent against the dollar to a high of $1.0698, its strongest since Feb 9. It was the euro's largest one-day gain since June 3, 2016. That helped the continental currency to its second consecutive weekly gain against the dollar.
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Open Bid Rs 106.50
Open Offer Rs 106.70
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