RECORDER REPORT
KARACHI: The rupee improved with slight gains against the dollar on the currency market in the process of trading on Saturday, dealers said.
OPEN MARKET RATES: The rupee picked up 10-paisa against the dollar for buying and selling at Rs 102.00 and Rs 102.20 respectively however, it shed 25-paisa against the euro for buying and selling at Rs 110.75 and Rs 111.00 respectively, they said.
At the week-end, the US dollar edged lower against a basket of major currencies after traders were reluctant to buy the greenback ahead of US jobs data next week, and after comments from Federal Reserve Chair Janet Yellen.
Yellen said the Fed is giving "serious consideration" to beginning to reduce its accommodative monetary policy and a rate hike may be warranted later this year, although a downturn in core inflation or wage growth could force it to hold off.
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Open Bid Rs 102.00
Open Offer Rs 102.20
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Open Market Rates: Open Market Rates For Dollar on Saturday.
RUPEE IN LAHORE: The rupee maintained upward trend against the greenback on the local currency market on Saturday.
Currency dealers said that the dollar opened on a negative note and continued to slide down following the selling pressure. At close, the dollar ended further lower at Rs 102.15 and Rs 102.40 on buying and selling side against Rs 102.25 and Rs 102.50 of Friday, respectively.
The national currency maintained its rising trend and appreciated its worth against the pound sterling which was traded at Rs 151.25 and Rs 151.50 on buying and selling counter compared with the day earlier closing of Rs 151.60 and Rs 151.85, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).
