BR RESEARCH
KARACHI: On Thursday, upon market closing, Pakistan Rupee went up against USD in both interbank and open markets. Against Euro, it remained unchanged in open market. According to reports, USD went down globally as investors were feeling confident enough to go for riskier currencies in light of strong US labor and manufacturing data and hopes for US fiscal coronavirus stimulus package.
INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee gained 60 paisas for both buying and selling against USD over yesterday’s rates closing at 165 and 165.10 respectively.
OPEN MARKET RATES: In the open market, PKR gained 60 paisas for buying and 50 paisas for selling over yesterday’s rates closing at 165.30 and 165.70 respectively.
Against Euro, PKR remained unchanged for both buying and selling closing at 193 and 194.50 respectively.
Against UAE Dirham, PKR gained 15 paisas for buying while remaining unchanged for selling closing at 44.90 and 45.20 respectively.
Against Saudi Riyal, PKR gained 20 paisas for buying and 10 paisas for selling closing at 43.70 and 44 respectively.
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Open Bid Rs 165.30
Open Offer Rs 165.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Bid Rate Rs 165.00
Offer Rate Rs 165.10
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RUPEE IN LAHORE: The Pak rupee continued upward journey for the second consecutive day against the American dollar in the local currency market on Thursday.
Due to buyers’ interest in the market, the greenback remained under selling pressure for another day and ended further lower for buying and selling at Rs 165.10 and Rs 165.80 against the overnight closing rate of Rs 165.70 and Rs 166.70 respectively, local currency dealers said.
On the other hand, the rupee failed to hold its day earlier recoveries and depreciated its worth against the pound sterling. Consequently, the pound’s buying and selling rates rose from the Wednesday closing of Rs 211.50 and Rs 213.30 to Rs 212.00 and Rs 214.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs165.80 (buying) and Rs165.90 (selling) against last rate of Rs166.20 (buying) and Rs166.30 (selling).
It closed at Rs165.80 (buying) and Rs165.90 (selling).
The buying and selling rates of one tola of gold was Rs. 117,700 (selling) and Rs117,500 (buying) at the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.
Copyright Business Recorder, 2020
