BR RESEARCH
KARACHI: On Thursday, upon market closing, Pakistan Rupee went up against USD in both interbank and open markets. It also went up against Euro, AED and SR in open market. According to reports, this continuing weakening of Euro was reflection of a global trend as Euro currency investors were worried due to weak economic statistics in Europe, increase in coronavirus cases and uncertainty over Britain EU trade deal.
INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee gained 25 paisas for buying and 20 paisas for selling against USD over yesterday's rates closing at 165.90 and 166.05 respectively.
OPEN MARKET RATES: In the open market, PKR gained 25 paisas for buying and 15 paisas for selling as well over yesterday’s rates closing at 165.90 and 166.15 respectively.
Against Euro, PKR gained one rupee for both buying and selling closing at 192.50 and 194 respectively.
Against UAE Dirham, PKR gained 10 paisas for both buying and selling closing at 45.05 and 45.20 respectively.
Against Saudi Riyal, PKR gained 5 paisas for both buying and selling closing at 43.95 and 44.10 respectively.
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Open Bid Rs 165.90
Open Offer Rs 166.15
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs 165.90
Offer Rate Rs 166.05
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RUPEE IN LAHORE: The Pak rupee marginally recovered its day earlier losses against the greenback in the open currency market on Thursday.
Following a slight decrease in buyers’ interest, the greenback could not sustain its worth as it lost 10 paisas for both buying and selling and closed at Rs 166.00 and Rs 166.80 against the overnight closing trend of Rs 166.10 and Rs 166.90 respectively, local currency dealers said.
On the contrary, the rupee commenced on a negative note and declined its worth against the pound sterling during the trading session. As a result, the pound’s buying and selling rates rose from Wednesday’s closing of Rs 211.00 and Rs 213.00 to Rs 212.50 and Rs 214.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs166.50 (buying) and Rs166.60 (selling) against same last rate.
It closed at Rs166.50 (buying) and Rs166.60 (selling).
The buying and selling rates of one tola of gold was Rs 115,300 (selling) and Rs115,100 (buying) at the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.
Copyright Business Recorder, 2020
