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KARACHI: Pakistan On Thursday, Pakistan Rupee lost value against USD in interbank market while also falling in open market against major currencies typically covered in this section.

INTER-BANK MARKET RATES: RATES: In the interbank market, Pakistan Rupee lost 70 paisas for buying and 60 paisas for selling against USD over Wednesday's rates closing at 166.10 and 166.30 respectively.

OPEN MARKET RATES: In the open market, just as in interbank market, PKR lost 70 paisas for buying and 60 paisas for selling against USD over Wednesday's rates closing at 166.20 and 166.60 respectively.

Against Euro, PKR lost 50 paisas for buying and one rupee for selling over yesterday's rates closing at 184.50 and 186.50 respectively.

Against UAE Dirham, PKR lost 30 paisas for both buying and selling closing at 44.70 and 45 respectively.

Against Saudi Riyal, PKR lost 30 paisas for both buying and selling closing at 43.70 and 44 respectively.

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Open Bid Rs 166.60

Open Offer Rs 166.20

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

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Bid Rate Rs 166.10

Offer Rate Rs 166.30

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RUPEE IN LAHORE: The Pak rupee drastically declined its worth versus major currencies including the greenback and the British pound in the open currency market on Thursday.

According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its significant appreciation for buying and selling at Rs 166.20 and Rs 167.30 against the overnight closing rate of Rs 165.00 and Rs 166.40 respectively.

Similarly, the local currency also followed the suit in relation to the pound sterling that was bought and sold at Rs 205.60 and Rs 208.00 against the Wednesday's closing trend of Rs 205.00 and Rs 206.60 respectively, they added.

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

The dollar opened at Rs166.25(buying) and Rs 166.35(selling) against last rate of Rs165.25(buying) and Rs 165.35(selling).

It closed at Rs166.25(buying) and Rs 166.35(selling).

The buying and selling rates of one tola of gold remained 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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