The rupee shrugged off overnight firmness in terms of the dollar on the money market on Saturday, dealers said. The rupee failed to maintain overnight firmness, losing 10 paisas against the dollar for buying and selling at Rs 110.30 and Rs 110.80 respectively, they said.
OPEN MARKET RATES: The rupee sustained its value for the third day in a row in terms of the euro for buying and selling at Rs 129.50 and Rs 131.50 respectively, they added.
In the final NY market, the euro slipped against the dollar on Friday after Catalan separatists won a regional election, prompting worries about the possible break-up of the euro zone's fourth-largest economy.
Spain's government had hoped that the Catalan election would strip pro-independence parties of their control of the regional parliament and end their campaign to force a split. But with 96 percent of ballots counted in a vote to elect Catalonia's regional parliament, separatist parties are seen winning 70 seats out of 135.
The euro slid 0.1 percent to $1.1858. But Europe's common currency was still up nearly 13 percent this year, on track for its best yearly performance in 14 years. Analysts said trading volumes were thin ahead of the Christmas holiday, resulting in some volatility.
Friday's most eye-catching mover was once again bitcoin, this time because of losses, after a rally that took it all the way near $20,000 on Dec. 17. It plunged nearly 30 percent at one point to below $12,000, having lost a third of its value since Sunday.
The dollar index was flat at 93.316. For the year, the index was down about 8.5 percent.
========================
Open Bid Rs 110.30
Open Offer Rs 110.80
========================
RUPEE IN LAHORE: The Pak rupee remained unchanged on buying side while it lost 20-paisa on selling side in relation to the greenback in the local currency market on Saturday.
According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 110.30 and Rs 110.80 as its buying and selling rate, respectively. The dollar's buying rate did not observe any change and stayed at Rs 110.30 during the day.
However, following fresh demand, its selling rate ended higher at Rs 111.00.
The rupee remained pressure and depreciated its worth against the pound sterling.
The pound's buying and selling rate improved from Friday closing of Rs 145.30 and Rs 146.30 to Rs 145.50 and Rs 147.00, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 110.30 (buying) and Rs 110.50 (selling) against same last rate. It closed at Rs 110.30 (buying) and Rs 110.50 (selling).
Comments
Comments are closed for this article.