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KARACHI: PKR went down against USD in both interbank and open markets on first day of the week. This was opposite to trend in global currency markets where USD was pinned near one month low on account of dropping US Treasury yields. PKR also went down against Euro by almost two rupees in open market.

INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee lost 20 paisas for both buying and selling against USD over last week's rates closing at 152.90 and 153 respectively.

OPEN MARKET RATES: In the open market, PKR lost 40 paisas for buying and 10 paisas for selling over last week's rates closing at 152.90 and 153.10 respectively.

Against Euro, PKR lost 1.80 rupees for both buying and selling closing at 183 and 184.30 respectively.

Against UAE Dirham, PKR lost 15 paisas for buying and 10 paisas for selling closing at 41.45 and 41.70 respectively.

Against Saudi Riyal, PKR lost 25 paisas for buying and 20 paisas for selling closing at 40.50 and 40.75 respectively.

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Open Bid       Rs 152.90
Open Offer     Rs 153.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday

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Bid Rate       Rs 152.90
Offer Rate     Rs 153.00
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RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday.

The dollar opened at Rs153.40(buying) and Rs 153.50(selling) against last rate of Rs153.50(buying) and Rs 153.60(selling).

It closed at Rs153.40(buying) and Rs 153.50(selling).

The buying and selling rates of one tola of gold were Rs. 99,300 (selling and Rs 99,100(buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.

Copyright Business Recorder, 2021

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