THE RUPEE: slight fall

The rupee fell modestly against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee shed modestly in terms of the dollar for buying and selling at Rs 103.00 and Rs 103.20, respectively. The local currency slipped by 10 paisa in relation to the euro for buying and selling at Rs 114.10 and Rs 115.10, they said.
OPEN MARKET RATES: At the week-end, the dollar edged higher on Friday against a basket of currencies on encouraging data on US producer prices and industrial output, while euro ended a good week on a weak note even as the Greek parliament approved a new bailout agreement. Relative calm returned to foreign exchange market after China earlier this week sent ripples through global financial markets by devaluing the yuan.

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Open Bid       Rs 103.00

Open Offer     Rs 103.20

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

RUPEE IN LAHORE: The rupee remained under pressure against the dollar on the local money market on Saturday.
The dollar resumed trading at its previous closing of Rs 103.20 and Rs 103.55 as its buying and selling rate, respectively, showing a slight increase its demand and its rate moving up to Rs. 103.25 and Rs. 103.60 on buying and selling side, respectively.
The rupee maintained a downward trend and depreciated against the British pound which was traded at Rs. 160.00 and Rs. 160.70 on buying and selling counter compared with the last Thursday closing of Rs. 159.85 and Rs. 160.40, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 102 (buying) and Rs 102.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 102 (buying) and Rs 102.20 (selling).
Pound Sterling opened at Rs 157 (buying) and Rs 157.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 157 (buying) and Rs 157.50 (selling).
Copyright Business Recorder, 2015