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Coronavirus
VERY HIGH
Pakistan Deaths
16,316
7324hr
Pakistan Cases
761,437
515224hr
Sindh
272,729
Punjab
270,338
Balochistan
20,940
Islamabad
70,079
KPK
106,500

The rupee maintained rising trend against the dollar on the money market on Thursday in the process of trading, dealers said.

INTER-BANK MARKET RATES: RATES: The rupee picked up 10 paisas versus the dollar for buying and selling at Rs 154.66 and Rs 154.68 respectively, they said.

OPEN MARKET RATES: The rupee gained 10 paisas in relation to the dollar for buying and selling at Rs 154.60 and Rs 154.90 respectively, while rupee did not show any change in terms of the euro for buying and selling at Rs 172.00 and Rs 173.50 respectively, they said.

In the fourth Asian trade, the dollar gave a little ground to riskier Asian currencies on Thursday, as investors hoped the Sino-US trade deal could herald warmer relations between the world's two biggest economies and help to revive global growth.

Beijing and Washington touted the Phase 1 deal, signed overnight at the White House, as a step forward.

US Vice President Mike Pence said further Phase 2 discussions had already begun as negotiators work to resolve differences.

That helped the trade-exposed Australian and New Zealand dollars to book modest gains, while the safe-haven Japanese yen softened slightly.

The dollar was trading against the Indian rupee at Rs 70.810, the greenback was at 4.067 in terms of the Malaysian ringgit and the US currency was available at 6.885 versus the Chinese yuan.

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Open Bid Rs 154.60

Open Offer Rs 154.90

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

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Bid Rate Rs 154.66

Offer Rate Rs 154.68

========================

RUPEE IN LAHORE: The Pak rupee registered gain in process of trading against the American dollar in the local currency market on Thursday.

Amid lack of buyers' interest in the market throughout the trading session, the greenback could not sustain its worth and ended lower for buying and selling at Rs 154.60 and Rs 154.95 against the overnight closing rate of Rs 154.70 and Rs 155.10 respectively, local currency dealers said.

Moreover, the rupee witnessed divergent trend as it moved both ways in relation to the pound sterling. At the close, the British currency was bought and sold at Rs 200.70 and Rs 201.70 against the Wednesday's closing rate of Rs 200.20 and Rs 202.40 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 15 paisas against the dollar on the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs 155.20 (buying) and Rs 155.30 (selling) against last rate of Rs 155.35 (buying) and Rs 155.45 (selling).

It closed at Rs 155.20 (buying) and Rs 155.30 (selling).

The buying and selling rates of one tola of gold were Rs 90,100 (selling) and Rs 90,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.

Copyright Business Recorder, 2020