RECORDER REPORT

KARACHI: The rupee held the overnight levels in relation to the dollar on the money market on Saturday, dealers said.

OPEN MARKET RATES: The rupee showed no change in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00, they said.

The rupee, however, gained 30 paisas against the euro for buying and selling at Rs 125.75 and Rs 127.00, they said.

At the week-end, the dollar weakened against the yen, with tensions simmering on the Korean peninsula and as the boost from heightened expectations of a US interest rate hike in December faded.

The dollar was down 0.42 percent at 111.99 yen, on pace to snap a five-day winning streak against the Japanese currency.

North Korea said on Friday it might test a hydrogen bomb over the

The dollar scaled a two-month peak of 112.71 yen on Thursday after the Bank of Japan maintained its bond-buying pledge. The move also was spurred by the Federal Reserve's policy statement on Wednesday in which it signalled it still intended to raise rates in December.

The dollar index, which tracks the greenback against six major currencies, was down 0.13 percent to 92.136.





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Open Bid Rs 105.80

Open Offer Rs 106.00

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RUPEE IN LAHORE: The rupee witnessed mixed patters in terms of the US dollar in the local currency market on Saturday.

According to currency dealers, the dollar commenced trading on its overnight closing trend of Rs 105.90 and Rs 106.25 as its buying and selling rates, respectively.

At the end, the rupee shed five-paisa for buying at Rs 105.95, the national currency, however, gained same amount for selling at Rs 106.20, respectively, they added.

In addition, the local currency showed strength as it regained its day earlier losses against the pound sterling. Consequently, the pound’s buying and selling rates slid from Friday’s closing of Rs 142.40 and Rs 143.10 to Rs 141.70 and Rs 142.60 respectively, they said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The value of the rupee against the dollar remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday.

The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against same last rate.

It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.

Copyright Business Recorder, 2017