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KARACHI: Pakistan on Friday, Pakistan Rupee continued to lose value against USD in both interbank and open markets while also continuing its downward trend in open market against AED and SR.

INTER-BANK MARKET RATES: RATES: In the interbank market, Pakistan Rupee lost 30 paisas for buying and 40 paisas for selling against USD over Friday's rates closing at 166.40 and 166.70 respectively.

OPEN MARKET RATES: In the open market, PKR lost 60 paisas for both buying and selling against USD over Friday's rates closing at 166.80 and 167.20 respectively.

Against Euro, PKR remained unchanged for buying while gaining 50 paisas for selling over yesterday's rates closing at 184.50 and 186 respectively.

Against UAE Dirham, PKR lost 25 paisas for buying and 35 paisas for selling closing at 44.95 and 45.35 respectively.

Against Saudi Riyal, PKR lost 15 paisas for buying and 25 paisas for selling closing at 43.85 and 44.25 respectively.

========================
Open Bid       Rs 166.80
Open Offer     Rs 167.20
========================

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

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Bid Rate       Rs 166.40
Offer Rate     Rs 166.70
========================

RUPEE IN LAHORE: The Pak rupee maintained downward trend for the second consecutive day against the US dollar in the open currency market on Friday.

According to currency dealers, the short supply phenomenon of the greenback continued to prevail for another day in the market which helped its further appreciation for buying and selling at Rs 166.70 and Rs 167.90 against the overnight closing rate of Rs 166.20 and Rs 167.30 respectively.

On the other hand, the rupee managed to recover its day earlier losses versus the pound sterling that was bought and sold at Rs 204.50 and Rs 206.20 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 Friday.

The dollar opened at Rs167.25 (buying) and Rs 167.35(selling) against last rate of Rs166.25 (buying) and Rs 166.35(selling).

It closed at Rs167.25 (buying) and Rs 167.35(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