THE RUPEE: Very mixed trend

06 Jun, 2020

KARACHI: Pakistan Rupee again showed a very mixed behaviour in both interbank and open markets on Friday. RATES: In the interbank market, Pakistan Rupee exhibited no change for buying while gaining 20 paisas for selling against USD over yesterday's rates closing at 163.30 and 164.50 respectively. In the open market as well, PKR showed no change for buying while gaining 20 paisas for selling against USD over yesterday's rates closing at 163 and 163.50 respectively.Against Euro, PKR lost two rupees for buying and 1.50 rupees for selling closing at 181 and 182.50 respectively.Against UAE Dirham, PKR showed no change for buying and gained 10 paisas selling closing at 43.40 and 43.70 respectively.Against Saudi Riyal, PKR weakened by 30 paisas for buying and by 20 paisas for selling closing at 42.70 and 43 respectively.

========================Open Bid       Rs 163.00Open Offer     Rs 163.50========================

========================Bid Rate       Rs 163.30Offer Rate     Rs 164.50========================

According to currency dealers, the greenback did not witness any change in its demand throughout the trading session and ended for buying at Rs 163.50 whereas it gained 20 paisas for selling and closed at Rs 165.00 against the opening rate of Rs 164.80.

Likewise, the rupee also stayed firmed against the pound sterling for buying at Rs 201.50 but it recovered 20 paisas for selling and closed at Rs 203.50 against the previous closing trend of Rs 203.70, they added.

The dollar opened at Rs163.50(buying) and Rs 163.60(selling) against last rate of Rs164(buying) and Rs 164.10(selling).

It closed at Rs163.50(buying) and Rs 163.60(selling).

The buying and selling rates of one tola of gold were Rs. 105,700(selling) and Rs. 107,500( buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.

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