THE RUPEE: gives up gains

The rupee failed to retain overnight gains against the dollar on the money market on Saturday in the process of trading activity, dealers said.
OPEN MARKET RATES: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 117.50 (buying) and Rs 118 (selling) against same last rate. It closed at Rs 117.50 (buying) and Rs 118 (selling).

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Open Bid       Rs.117.10

Open Offer     Rs.117.60

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RUPEE IN LAHORE: The Pak rupee failed to sustain as it registered reduction in relation to the greenback in the local currency market on Saturday.
According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 117.40 and Rs 117.80 as compared to the overnight closing trend of Rs 117.10 and Rs 117.65 respectively.
Furthermore, the national currency moved both ways in terms of trading against the pound sterling. At the close, the pound was bought and sold at Rs 157.30 and Rs 158.10 against Friday's closing rate of Rs 157.10 and Rs 158.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 117.50 (buying) and Rs 118 (selling) against same last rate. It closed at Rs 117.50 (buying) and Rs 118 (selling).
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