RECORDER REPORT
KARACHI: The rupee was unchanged against the dollar on Saturday in process of trading activity, dealers said.
OPEN MARKET RATES: The rupee stayed put in relation to the dollar for buying and selling at Rs 107.40 and Rs 107.60, they said.
While, the rupee gained 20 paisas versus the euro for buying at Rs 124.30 it, however, shed five paisas for selling and Rs 125.80, they said.
In last New York trading session, the euro fell and was on track for its biggest weekly loss of the year as the European Central Bank's decision on Thursday to prolong its bond purchases signalled its willingness to stick with an ultra-loose policy stance.
The tension between Madrid and Catalonia's secessionists also stoked selling in the single currency after the Catalan parliament on Friday declared independence from Madrid following a secret ballot.
"The dovish surprise from the ECB was its openness to extend the duration of its bond purchase program," said Omer Esiner, chief market strategist at Commonwealth Foreign Exchange in Washington.
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Open Bid Rs 107.40
Open Offer Rs 107.60
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RUPEE IN LAHORE: The rupee recovered on buying side while it stayed unchanged on selling side in relation to the US dollar in the local currency market on Saturday.
According to currency dealers, the dollar resumed trading on its overnight closing trend of Rs 107.70 and Rs 107.80 as its buying and selling rates, respectively. At the close, it slipped to Rs 107.30 for buying while it did not witness any variation for selling as it maintained its opening trend of Rs 107.80, they added.
The national currency, however, remained strong for the second consecutive day in terms of the pound sterling. The pound’s buying and selling rates further slid from Friday’s closing of Rs 140.40 and Rs 141.40 to Rs 140.20 and Rs 141.20 respectively, they said.
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 106.70 (buying) and Rs 107 (selling) against same last rate. It closed at Rs 106.70 (buying) and Rs 107 (selling).
