BR RESEARCH
KARACHI: On Monday, after markets closed on first day of the week, Pakistan Rupee recorded fall against US Dollar in both interbank and open markets. It also went down against AED and SR in open market while remaining unchanged against Euro. According to reports, higher expected yields in US treasuries continued to attract investors pushing USD up.
INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee lost 15 paisas for both buying and selling against USD over last Friday's rates closing at 160.25 and 160.35 respectively.
OPEN MARKET RATES: In the open market, PKR lost 20 paisas for buying and 10 paisas for selling over last Friday's rates closing at 160.20 and 160.40 respectively.
Against Euro, PKR remained unchanged for both buying and selling closing at 194 and 195.50 respectively.
Against UAE Dirham, PKR lost 5 paisas for both buying and selling closing at 43.55 and 43.75 respectively.
Against Saudi Riyal, PKR lost 5 paisas for both buying and selling as well closing at 42.45 and 42.60 respectively.
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Open Bid Rs 160.20
Open Offer Rs 160.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday
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Bid Rate Rs 160.25
Offer Rate Rs 160.35
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RUPEE IN LAHORE: The Pak rupee depreciated its worth on the buying side while it stayed unchanged on the selling side in relation to the greenback in the local currency market on Monday.
According to currency dealers, the greenback gained 25 paisas for buying and ended at Rs 160.25 against the opening rate of Rs 160.00 whereas it did not witness any change for selling at Rs 161.00.
Moreover, the rupee showed strength and appreciated its worth by Re 1 in the process of trading against the pound sterling. Consequently, the pound's buying and selling rates declined from the previous closing of Rs 216.00 and Rs 217.80 to Rs 215.00 and Rs 216.80 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 30 paisas against the rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 160.80(buying) and Rs 160.90(selling) against last rate of Rs 160.50(buying) and Rs 160.60(selling).
It closed at Rs 160.80(buying) and Rs 160.90(selling).
The buying and selling rates of one tola of gold was Rs. 112,200 (selling) and Rs 112,000(buying) at the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.
Copyright Business Recorder, 2021
