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KARACHI: On Wednesday, Pakistan Rupee lost value against USD in both interbank market and open markets after closing. It however, remained unchanged against Euro in open market with respect to Tuesday's closing rates.

INTER-BANK MARKET RATES: RATES: In the interbank market, Pakistan Rupee lost 70 paisas against USD for both buying and selling over Tuesday's rates closing at 165.40 and 165.70 respectively.

OPEN MARKET RATES: In the open market, PKR lost 60 paisas for buying and 70 paisas for selling against USD over Tuesday's rates closing at 165.50 and 166 respectively.

Against Euro, PKR remained unchanged over Tuesday's rates closing at 184 and 185.50 respectively.

Against UAE Dirham, PKR lost 10 paisas for both buying and selling closing at 44.40 and 44.70 respectively.

Against Saudi Riyal, PKR lost 15 paisas for buying and 20 paisas for selling closing at 43.40 and 43.70 respectively.

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Open Bid Rs 165.50

Open Offer Rs 166.00

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

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Bid Rate Rs 165.40

Offer Rate Rs 165.70

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RUPEE IN LAHORE: The Pak rupee stayed unchanged on the buying side while it depreciated its worth on the selling side in relation to the greenback in the open currency market on Wednesday.

According to currency dealers, the greenback did not witness any change on the buying side throughout the trading session and closed at Rs 165.00 while it gained 20 paisas on the selling side and ended at Rs 166.40 against the opening rate of Rs 166.20.

On the other hand, the national currency managed to recover its day earlier losses versus the pound sterling. Consequently, the pound's buying and selling rates declined from the Tuesday's closing of Rs 206.00 and Rs 207.50 to Rs 205.00 and Rs 206.60 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 25 paisas against the rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday.

The dollar opened at Rs165.25 (buying) and Rs 165.35 (selling) against last rate of Rs165 (buying) and Rs 165.10 (selling).

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

The buying and selling rates of one tola of gold were Rs. 98,600 (selling) and Rs 98,200 (selling) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.

Copyright Business Recorder, 2020

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