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KARACHI: Pakistan Rupee continued its downward trend on Tuesday against USD in both interbank and open markets. It also fell against Euro in open market while remaining largely unchanged against AED and SR. INTER-BANK MARKET RATES: RATES: In the interbank market, Pakistan Rupee lost 1.05 rupees for buying and 1 rupee for selling against USD over Monday's rates closing at 164.80 and 165.20 respectively. OPEN MARKET RATES: In the open market, against USD, PKR went down by 1.30 rupees for buying and by 1.20 rupees for selling over Monday's rates closing at 164.70 and 165.20 respectively. Against Euro, PKR weakened by 1 rupee for both buying and selling closing at 181.50 and 183.50 respectively. Against UAE Dirham, PKR showed no change over Monday's rates closing at 44.30 and 44.60 respectively. Against Saudi Riyal, PKR showed no change for buying while falling by 10 paisas for selling closing at 43.20 and 43.60 for buying and selling respectively.

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Open Bid       Rs 164.70

Open Offer     Rs 165.20

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.

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Bid Rate       Rs 164.80

Offer Rate     Rs 165.20

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RUPEE IN LAHORE: The Pak rupee continued steep fall for the second consecutive day against the greenback and the British pound in the open currency market on Tuesday.

According to currency dealers, the short supply phenomenon of the greenback prevailed for another day in the market which helped its further appreciation for buying and selling at Rs 164.00 and Rs 165.50 against the overnight closing rate of Rs 163.00 and Rs 164.40 respectively.

Similarly, the local currency also followed the suit in relation to the pound sterling that was bought and sold at Rs 203.00 and Rs 204.80 against the Monday's closing trend of Rs 200.00 and Rs 201.80 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained Re 1 against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.

The dollar opened at Rs165.50 (buying) and Rs 165.60 (selling) against last rate of Rs164.50 (buying) and Rs 164.60 (selling).

It closed at Rs165.50 (buying) and Rs 165.60 (selling).

The buying and selling rates of one tola of gold were Rs 105,700 (selling) and Rs 107,500 (buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.

Copyright Business Recorder, 2020