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The rupee managed to gain modestly against the dollar on the local money market on Thursday in the process of trading activity, dealers said.

INTER-BANK MARKET RATES: The rupee extended winning ground in terms of the dollar, picking up 15 paisas for buying and selling at Rs 155.85 and Rs 155.90 respectively, dealers said.

OPEN MARKET RATES: The rupee did not show any change in relation to the dollar for buying and selling at Rs 155.70 and Rs 156.20 respectively, they added. While, the rupee recovered overnight losses versus the euro, gaining 30 paisas for buying and selling at Rs 171.50 and Rs 173.50 respectively, they added.

In the fourth Asian trade, the dollar nursed losses on Thursday amid gathering doubts about a mooted Sino-US trade deal, while the volatile pound was on edge as Britain and the European Union scrambled to secure a last-minute Brexit deal.

As the greenback steadied on most major currencies, the biggest gainer was the Australian dollar, which jumped 0.4% from the session's low after jobs data showed buoyant hiring, lowering chances of monetary easing in November.

It has surged some 5% since last week as negotiations stepped up.

The dollar was available versus the Indian rupee at Rs 71.400, the greenback was at 4.186 in terms of the Malaysian ringgit and the US currency was trading at 7.098 against the Chinese yuan.

========================
Open Bid       Rs.155.70
Open Offer     Rs.156.20
========================

Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.

========================
Bid Rate       Rs.155.85
Offer Rate     Rs.155.90
========================

RUPEE IN LAHORE: The Pak rupee showed strength as it appreciated its worth against the American dollar in the local currency market on Thursday.

Amid lack of buyers' interest in the market, the dollar could not sustain and declined its worth from the Wednesday's closing rate for buying and selling at Rs 156.10 and Rs 156.40 to Rs 155.90 and Rs 156.25 respectively, local currency dealers said.

On the other hand, the national currency continued to keep going down for the third consecutive day in relation to the pound sterling. The pound's buying and selling rates drastically improved from the overnight closing trend of Rs 197.65 and Rs 198.70 to Rs 199.80 and Rs 201.00 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs 156.45 (buying) and Rs 156.55 (selling) against same last rate.

It closed at Rs 156.45 (buying) and Rs 156.55 (selling).

The buying and selling rates of one tola of gold were Rs. 87,200 (selling) and Rs 87,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.

Copyright Business Recorder, 2019