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KARACHI: On Friday, Pakistan Rupee continued to gain value against USD in both interbank and open markets. It also gained value in open market against other major currencies like Thursday.

INTER-BANK MARKET RATES: RATES: In the interbank market, Pakistan Rupee gained 70 paisas for buying and 90 paisas for selling against USD over Thursday's rates closing at 166.10 and 166.30 respectively.

OPEN MARKET RATES: In the open market, PKR gained 50 paisas for buying and 40 paisas for selling against USD over Thursday's rates closing at 166.50 and 167 respectively.

Against Euro, PKR gained one rupee for both and selling over Thursday's rates closing at 184.50 and 186.50 respectively.

Against UAE Dirham, PKR gained 25 paisas for buying and 20 paisas for selling closing at 44.85 and 45.10 respectively.

Against Saudi Riyal, PKR gained 20 paisas for buying and 10 paisas for selling closing at 43.8 and 44.10 respectively.

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Open Bid       Rs 166.50
Open Offer     Rs 167.00
========================

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

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Bid Rate       Rs 166.10
Offer Rate     Rs 166.30
========================

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

Amid lack of buyers' interest in the market, the greenback remained under selling pressure for the second consecutive day and ended further lower for buying and selling at 166.60 and Rs 167.70 against the overnight closing trend of Rs 167.50 and Rs 168.50 respectively, local currency dealers said.

Similarly, the national currency also followed suit in relation to the pound sterling that was bought and sold at Rs 205.00 and Rs 206.50 against the Thursday's closing rate of Rs 206.20 and Rs 208.00 respectively, they added.

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

The dollar opened at Rs 167.50 (buying) and Rs 167.60 (selling) against last rate of Rs 168.50 (buying) and Rs 168.60 (selling).

It closed at Rs 167.50 (buying) and Rs 167.60 (selling).

The buying and selling rates of one tola of gold were Rs 110,200 (selling) and Rs 110,100 (selling) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.

Copyright Business Recorder, 2020