The rupee maintained overnight levels against the dollar on the currency market on Saturday in the process of trading, dealers said. The rupee did not move any side in terms of the dollar for buying and selling at Rs 102.60 and Rs 102.80 respectively, while it lost Rs 1.05 versus the euro for buying and selling at Rs 117.30 and Rs 117.55 respectively, they added.
OPEN MARKET RATES: At the week-end, the dollar fell to a three-month low against the euro, as disappointing data on US domestic factory activity and consumer sentiment spurred doubts about the recovery in the world's largest economy. Against a basket of six major currencies, the dollar fell for a fifth straight week, the longest stretch of declines in four years. The dollar index was last down 0.3 percent at 93.204.
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Open Bid Rs 102.60
Open Offer Rs 102.80
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Open Market Rates: Open Market Rates For Dollar on Saturday.
RUPEE IN LAHORE: The rupee failed to keep firmness against the greenback on the local currency market on Saturday.
The dollar opened healthily and gained following fresh buying, ended higher at Rs 102.75 and Rs 103.00 since its buying and selling rate against Rs 102.65 and Rs 102.90 of Friday.
The rupee remained under pressure and declined against the pound sterling which was traded at Rs 160.75 and Rs 161.00 on buying and selling counter compared with the day earlier closing of Rs 160.40 and Rs 160.65.
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 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).
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