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The rupee showed no change against the dollar on the money market on Saturday in the process of trading activity, dealers said.

OPEN MARKET RATES: The rupee managed to hold overnight levels in relation to the dollar for buying and selling at Rs 155.50 and Rs 155.80 respectively, they said. The rupee was down by 20 paisas against the euro for buying and selling at Rs 173.00 and Rs 175.00 respectively, they said.

In the final US trade, the dollar rose on Friday after data showed that US jobs growth slowed less than expected in October, while wages gained and hiring in the prior two months was stronger than previously estimated.

Non-farm payrolls increased by 128,000 jobs last month, while average hourly earnings increased six cents, or 0.2% after being unchanged in September.

Temporary census workers also left their jobs during the month.

The dollar index against a basket of six major currencies rose as high as 97.45, up from 99.27 before the data, before retracing to 97.30, up 0.02% on the day.

========================
Open Bid       Rs.155.50
Open Offer     Rs.155.80
========================

RUPEE IN LAHORE: The Pak rupee stayed weak and lost 40-paisa on buying side and 35-paisa on selling side in relation to the greenback in the local currency market on Saturday.

According to the currency dealers, the dollar resumed trading on a healthy note and kept on rising following fresh buying. At close of trading, the dollar was further higher at Rs 155.60 and Rs 156.00 as its buying and selling rate against the overnight closing of Rs 155.20 and Rs155.65, respectively.

On the contrary, the rupee showed strength on buying side while it registered decline on selling side against the pound sterling. The pound was traded at Rs 199.85 and Rs 202.10 on buying and selling counter as compared to day earlier closing of Rs 200.20 and Rs201.50, respectively, the dealers said.

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 156 (buying) and Rs 156.10 (selling) against same last rate.

It closed at Rs 156 (buying) and Rs 156.10 (selling).

The buying and selling rates of one tola of gold were Rs. 87,500 (selling) and Rs 87,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.

Copyright Business Recorder, 2019