THE RUPEE: dollar stays put

Steady trend was seen on the currency market on Saturday as the rupee held the overnight levels versus the greenback, dealers said. The rupee managed to hold the overnight levels versus dollar for buying and selling at 91.00 and 91.20, they added. The rupee shed 10 paisa in relation to euro for buying and selling at Rs 118.70 and Rs 119.70.
OPEN MARKET RATES: According to the Reuters the US dollar fell against euro and yen on Friday after lower-than-expected US jobs figures bolstered views the Federal Reserve could yet ease policy further to boost the economy, though thin holiday trading exacerbated currency moves. The dollar reversed early gains against euro after data showed US non-farm payrolls rose by 120,000 in March, far lower than the 203,000 expected in a Reuters survey.

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Open Buying     Rs 91.00

Open Selling    Rs.91.20

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RUPEE IN LAHORE: The Pak rupee showed strength was marginally improved by five-paisa against the US dollar on the local currency market on Thursday.
According to the currency dealers, there was no visible change in the dollar's demand and supply situation that helped rupee stability in the open market. At the end of trading the dollar was closed at Rs 90.80 and Rs 91.05 on buying and selling side against the overnight closing of Rs 90.8 and Rs 91.1, respectively. However, some moneychangers quoted buying rate of Rs 90.9 for a dollar.
The rupee also remained strong and appreciated its worth against the pound sterling. The pound was purchased and sold at Rs 143.5 and Rs 144 as compared to Rs 143.8 and Rs 144.7 of Wednesday, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 91 (buying) and Rs 91.20 (selling) against same previous rate. It did not observe any further change in the second session and closed at Rs 91 (buying) and Rs 91.20 (selling). Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).
Copyright Business Recorder, 2012