BR RESEARCH
KARACHI: On Thursday, after market close, PKR showed gain in value against USD in both interbank and open markets. It also went up against other major currencies in open market. According to reports, one of the primary reasons behind USD and Euro fall is global markets concerns over the length of time before COVID-19 vaccine will become available and uncertainty regarding US fiscal stimulus package.
INTER-BANK MARKET RATES: In the interbank market, on market close, Pakistan Rupee gained 50 paisas for buying and 65 paisas for selling against USD over yesterday's rates closing at 162.70 and 162.80 respectively.
OPEN MARKET RATES: In the open market, PKR gained 10 paisas for buying and 30 paisas for selling over yesterday's rates closing at 163.10 and 163.40 respectively.
Against Euro, PKR went up by 50 paisas for buying and one rupee for selling closing at 190 and 191 respectively.
Against UAE Dirham, PKR gained 10 paisas for both buying and selling closing at 44.20 and 44.45 respectively.
Against Saudi Riyal, PKR gained 15 paisas for buying and 5 paisas for selling closing at 43 and 43.30 respectively.
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Open Bid Rs 163.10
Open Offer Rs 163.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Bid Rate Rs 162.70
Offer Rate Rs 162.80
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RUPEE IN LAHORE: The Pak rupee appreciated its worth versus major currencies including the greenback and the British pound in the local currency market on Thursday.
Amid lack of buyers' interest in the market, the greenback remained under selling pressure throughout the trading session and closed lower for buying and selling at Rs 163.00 and Rs 164.00 against the overnight closing trend of Rs 163.40 and Rs 164.40 respectively, local currency dealers said.
Likewise, the rupee also followed suit in relation to the pound sterling that was bought and sold at Rs 209.00 and Rs 210.50 against the Wednesday's closing rate of Rs 210.20 and Rs 211.50 respectively, they added.
Copyright Business Recorder, 2020
