Further improvement was witnessed on the money market on Saturday as the rupee moved up versus the dollar in process of trading activity, dealers said. The rupee picked up more 20 paisas in terms of the dollar for buying and selling at Rs 141.30 and Rs 141.80, they said. The rupee was unchanged in relation to the euro for buying and selling at Rs 157.50 and Rs 159.05, they said.
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Open Bid Rs 141.30
Open Offer Rs 141.80
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According to the currency dealers, the dollar resumed trading on a depressed note and kept on moving down following diminishing demand. At close of trading, the dollar ended lower at Rs 141.20 and Rs 142.00 as its buying and selling rate against the overnight closing of Rs 141.60 and Rs 142.20, respectively.
On the contrary, the rupee remained weak and declined against the pound sterling that was purchased and sold at Rs 184.30 and Rs 185.70 as compared to the last Friday closing of Rs 183.00 and Rs 184.20, respectively, the dealers said.
The dollar opened at Rs 141.80 (buying) and Rs 141.90 (selling) against last rate of Rs 141.70 (buying) and Rs 141.80 (selling). It closed at Rs 141.80 (buying) and Rs 141.90 (selling).
The buying and selling rates of one tola of gold was Rs. 68,900 (selling) and Rs 68,700 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.