THE RUPEE: no change in rates

The rupee showed no change against the dollar on the money market on Saturday in the process of trading, they said. The rupee, somehow, managed to hold overnight levels against the dollar for buying and selling at Rs 103.50 and Rs 103.70, they said, adding it gained slightly by 10-paisa against the euro for buying and selling at Rs 113.40 and Rs 114.40 respectively, they added.
OPEN MARKET RATES: At the week-end, the dollar was mixed with month-end selling after a recent rally, as traders saw little in weak first-quarter US gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015.
The dollar index traded tightly and was last off 0.10 percent but remained on track for a rise for May. That would extend a string begun last July of nearly uninterrupted monthly gains for the index of six major currencies traded against the greenback.

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Open Bid       Rs 103.50

Open Offer     Rs 103.70

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Open Market Rates: Open Market Rates For Dollar on Saturday.

RUPEE IN LAHORE: The rupee showed a slight recovery in relation to the dollar on the local currency market on Saturday.
The dollar resumed trading on a depressed note and remained under pressure, ending at Rs 103.65 and Rs 103.90 as its buying and selling rate against Rs 103.70 and Rs 103.95 of Friday.
The rupee stayed unchanged on buying side while improved on selling side against the British pound which was traded at 157.30 and Rs 158.30 compared with the overnight closing of Rs 157.30 and Rs 159.30.
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 the 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).
Copyright Business Recorder, 2015