RECORDER REPORT
KARACHI: The rupee drifted slight lower in terms of the dollar on the money market in the process of trading on Saturday, dealers said.
OPEN MARKET RATES: The rupee shed five paisa in relation to the dollar for buying and selling at Rs 102.50 and Rs 102.70, they said. The rupee also dropped 30 paisa against the euro for buying and selling at Rs 114.20 and Rs 114.45, they said.
At the week-end, the dollar touched a two-week high against the yen and rose from a two-month low versus a basket of major currencies, supported by signs that the US economy may be stabilizing after a recent soft patch.
US economic reports were mixed, with consumer sentiment strong but manufacturing and construction weak. The net effect of the data was positive on the dollar, which investors viewed as oversold. Volumes were thin, with most of Europe shut for the May Day holiday.
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Open Bid Rs 102.50
Open Offer Rs 102.70
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Open Market Rates: Open Market Rates For Dollar on Saturday.
RUPEE IN LAHORE: The rupee was under pressure on Saturday when it lost 10-paisa against the greenback. The dollar resumed trading healthily and kept rising following fresh buying, ending higher at Rs 102.60 and Rs 102.85 as its buying and selling rate against Rs 102.50 and Rs 102.75 of Thursday. But the rupee showed strength and appreciated against the pound sterling which was traded at Rs 155.25 and Rs 155.50 on buying and selling counter compared with previous closing of Rs 157.25 and Rs 157.50.
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).
Kerb buying and selling rate of US dollar
RECORDER REPORT
KARACHI: Dollar buying and selling rate in the kerb market in rupees on Saturday (May 02, 2015).
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Open Bid Rs 102.50
Open Offer Rs 102.70
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