KARACHI: The rupee continued slide on the money market on Saturday in process of trading activity, dealers said. The rupee shed 10 paisas more in terms of the dollar for buying and selling at Rs 156.30 and Rs 156.80, they added.
In the final US trade, the dollar inched lower on Friday, giving up gains fueled by a generally solid US jobs report that slightly underperformed expectations, as investors worried about political risk in the United States and ongoing trade talks with China.
The greenback hit session highs against the Japanese yen and euro following the jobs report, after trading lower for most of the session. But by afternoon trading, the dollar's rally faded.
The dollar was down roughly 1% against the yen this week, its worst weekly percentage loss in two months.
Data showed US non-farm payrolls increased by 136,000 jobs last month. August data was revised to show 168,000 jobs created instead of the previously reported 130,000. Economists polled by Reuters had forecast payrolls would increase by 145,000 jobs in September.
========================
Open Bid Rs 156.30
Open Offer Rs 156.80
========================