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KARACHI: On Thursday, Pakistan Rupee exhibited mixed behaviour with no change against USD in interbank market over Wednesday's closing rates while weakening against USD in open market for buying and strengthening for selling. Against Euro in open market, it remained unchanged on market close. INTER-BANK MARKET RATES: RATES: In the interbank market, Pakistan Rupee exhibited no change against USD over Wednesday's rates closing at 164.40 and 164.70 respectively. OPEN MARKET RATES: In the open market, PKR weakened by 10 paisas for buying while gaining 10 paisas for selling against USD over Wednesday's rates closing at 164.40 and 164.80 respectively. Against Euro, PKR exhibited no change over Wednesday's rates when it closed at 184 and 185.50 for buying and selling respectively. Against UAE Dirham, PKR weakened by 20 paisas for both buying and selling closing at 44.30 and 44.60 respectively. Against Saudi Riyal, PKR weakened by 5 paisas for buying and showed no change for selling closing at 43.15 and 43.40 respectively.

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Open Bid       Rs 164.40

Open Offer     Rs 164.80

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

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Bid Rate       Rs 164.40

Offer Rate     Rs 164.70

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RUPEE IN LAHORE: The Pak rupee maintained downward slide for the second consecutive day against the greenback in the local currency market on Thursday.

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 164.50 and Rs 166.00 against the overnight closing trend of Rs 164.20 and Rs 165.50 respectively, local currency dealers said.

On the other hand, the national currency showed strength as it recovered its day earlier losses versus the pound sterling. As a result, the pound's buying and selling rates declined from the Wednesday's closing of Rs 206.20 and Rs 207.90 to Rs 205.50 and Rs 207.30 respectively, they added.

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

The dollar opened at Rs165.25 (buying) and Rs 165.35 (selling) against same last rate.

It closed at Rs165.25 (buying) and Rs 165.35 (selling).

The buying and selling rates of one tola of gold were Rs 106,200 (selling) and Rs 106,000 (selling) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.

Copyright Business Recorder, 2020