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KARACHI: On Wednesday, PKR continued on its mixed pattern despite in a different direction. It gained value in interbank market against USD while losing value for selling in open market essentially reversing yesterday's net change. It also lost 50 paisas against Euro in open market reversing yesterday's gains.

INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee gained 5 paisas for both buying and selling against USD over yesterday's rates closing at 160.25 and 160.35 respectively.

OPEN MARKET RATES: In the open market, PKR remained unchanged for buying while losing 5 paisas for selling over yesterday's rates closing at 160.20 and 160.40 respectively.

Against Euro, PKR lost 50 paisas for both buying and selling closing at 194 and 195.50 respectively.

Against UAE Dirham, PKR remained unchanged for both buying and selling closing at 43.55 and 43.75 respectively.

Against Saudi Riyal, PKR lost 5 paisas for both buying and selling closing at 42.50 and 42.65 respectively.

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Open Bid       Rs 160.20
Open Offer     Rs 160.40
========================

Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday

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Bid Rate       Rs 160.25
Offer Rate     Rs 160.35
========================

RUPEE IN LAHORE: The Pak rupee-greenback parity stayed unchanged amid sluggish trading activity in the local currency market on Wednesday.

According to currency dealers, the greenback did not witness any change in its demand and supply situation throughout the trading session and firmly closed at its opening trend for buying and selling at Rs 160.20 and Rs 161.50 respectively.

Besides, the local currency continued its declining trend for the second consecutive day against the pound sterling. At the close, the pound's buying and selling rates further improved from Tuesday's closing of Rs 216.20 and Rs 217.50 to Rs 217.50 and Rs 219.00 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 20 paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.

The dollar opened at Rs160.70(buying) and Rs 160.80(selling) against last rate of Rs160.90(buying) and Rs 161(selling).

It closed at Rs160.70(buying) and Rs 160.80(selling).

The buying and selling rates of one tola of gold was Rs. 112,200 (selling) and Rs112,000(buying) at the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.

Copyright Business Recorder, 2021