THE RUPEE: Slight gains

The rupee picked up slightly against the dollar on the money market on Thursday in the process of trading activity, dealers said.

INTER-BANK MARKET RATES: The rupee rose by two paisas in relation to the dollar for buying and selling at Rs 155.34 and Rs 155.36 respectively, they said.

OPEN MARKET RATES: The rupee was inert against the dollar for buying at Rs 155.20 while it gained 10 paisas for selling at Rs 155.40, they said. The rupee held the overnight levels against the euro for buying and selling at Rs 171.30 and Rs 172.80 respectively, they said.

In the fourth Asian trade, the yuan fell to a three-week low in onshore trade on worries the failure to reach a deal to roll back US tariffs could further harm China's stuttering economy.

Political tensions between Beijing and Washington were also keeping investors on edge after a source told Reuters that US President Donald Trump is expected to sign into law two bills intended to support anti-government protesters in Hong Kong.

Hong Kong has been rocked by months of increasingly violent protest against Chinese rule of the former British colony. The passage of a US law supporting the protesters is bound to anger Beijing and potentially undermine efforts to secure a trade deal.

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Open Bid       Rs 155.20
Open Offer     Rs 155.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.

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Bid Rate       Rs 155.34
Offer Rate     Rs 155.36
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RUPEE IN LAHORE: The Pak rupee depreciated its worth in process of trading against the greenback and the British pound in the local currency market on Thursday.

According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 155.25 and Rs 155.60 against the opening trend of Rs 155.15 and Rs 155.20 respectively.

Similarly, the local currency also followed the suit in relation to the pound sterling which was bought and sold at Rs 200.40 and Rs 200.90 against the Wednesday's closing rate of Rs 199.55 and Rs 200.20 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 10 paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs 155.50 (buying) and Rs 155.60 (selling) against last rate of Rs 155.60 (buying) and Rs 155.70 (selling).

It closed at Rs 155.50 (buying) and Rs 155.60 (selling).

The buying and selling rates of one tola of gold were Rs. 85,500 (selling) and Rs 85,200 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.