RECORDER REPORT
KARACHI: The rupee showed modest decline versus the dollar on the local currency market on Saturday, dealers said.
OPEN MARKET RATES: The rupee gave up 10-paisa in terms of the greenback for buying and selling at Rs 102.60 and Rs 102.80 respectively, while it managed to hold the overnight levels in terms of the euro for buying and selling at Rs 131.50 and Rs 131.75 respectively, they said.
At the week-end, the dollar gained against a basket of major currencies, posting its 10th consecutive week of gains, as investors bet US interest rates would rise more quickly than had been expected. Some market participants, however, said the dollar's move was overdone and its rally should pause fairly soon. Fundamentally, the dollar seemed to be getting just a marginal boost from positive US economic news, they added.
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Open Bid Rs 102.60
Open Offer Rs 102.80
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Open Market Rates: Interbank Closing Rates For Dollar on Saturday.
RUPEE IN LAHORE: The national currency remained under pressure and was depreciated against the major currencies including US dollar and British pound on the local currency market on Saturday.
According to the currency dealers, the dollar was opened on healthy sign and kept on moving up following fresh buying. At close of trading, the dollar was ended higher at Rs 102.70 and Rs 102.95 as its buying and selling rates against Rs 102.00 and Rs 102.50 of Friday, respectively, the dealers said.
Similarly, the rupee maintained downward slide and was further declined against the pound sterling. The pound’s buying and selling rates were improved from overnight closing of Rs 166.80 and Rs 167.10 to Rs 167.00 and Rs 167.25, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling).
Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).
Kerb buying and selling rate of US dollar
RECORDER REPORT
KARACHI: Dollar buying and selling rate in the kerb market in rupees on Saturday (September 20, 2014).
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Open Bid Rs 102.60
Open Offer Rs 102.80
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