Firmness prevailed on the local currency market on Saturday as rupee did not show any change versus the dollar in the process of trading, dealers said. The rupee depicted no change in terms of the dollar for buying and selling at Rs 100.70 and Rs 100.90 respectively, but it gained 25-paisa against the euro for buying and selling at Rs 122.25 and Rs 122.50 respectively, they said.
OPEN MARKET RATES: At the week-end, the dollar rose against the yen and euro in scant volume, with many major markets still closed after the Christmas holiday. The greenback approached a 7-1/2-year peak against the yen and moved close to a 2-1/2-year high versus the euro based on the view the US economy is expanding at a fast enough clip that the Federal Reserve could consider ending its near-zero interest-rate policy in mid-2015, analysts said.
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Open Bid Rs 100.70
Open Offer Rs 100.90
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Open Market Rates: Open Market Rates For Dollar on Saturday.
RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged against the US dollar on the local currency market on Saturday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 100.50 and Rs 100.75 on buying and selling side, respectively. The dollar did not observe any change in its value as opening rates continued to prevail till close of trading, the dealers said.
Similarly, the rupee stayed unchanged against the pound sterling that was traded at its Friday closing of Rs 156.00 and Rs 156.25, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).
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