THE RUPEE: more recovery

The rupee maintained overnight trend versus the dollar on the currency market on Saturday in the process of trading activity, money experts said.
OPEN MARKET RATES: The rupee managed to gain 10 paisas more in relation to the dollar for buying and selling at Rs 115.70 and Rs 116.20 respectively, they said. The rupee did not move any side in relation to the euro for buying and selling at Rs 141.00 and Rs 142.80, they added.
The New York markets were closed in observance of Good Friday.

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Open Bid       Rs.115.70

Open Offer     Rs.116.20

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RUPEE IN LAHORE: The Pak rupee recovered its earlier losses versus the major foreign currencies including the greenback and British pound in the local currency market on Saturday.
According to currency dealers, the greenback resumed trading on a negative note following lack of buyers' interest in the market. Consequently, it slid by 10 paisas and ended for buying and selling at Rs 115.90 and Rs 116.30 as compared to the overnight closing trend of Rs 116.00 and Rs 116.40 respectively, they added.
Similarly, the national currency also followed the same suit in terms of trading against the pound sterling. The pound's buying and selling rates declined from Friday's closing of Rs 160.50 and Rs 161.20 to Rs 160.10 and Rs 160.75 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed further improvement against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened with 10 paisas recovery in terms of the dollar at Rs 115.80 (buying) and Rs 115.90 (buying) against last rate of Rs 115.90 (buying) and Rs 116 (buying). It closed at Rs 115.80 (buying) and Rs 115.90 (buying).
Copyright Business Recorder, 2018