THE RUPEE: Mixed signs

09 Jun, 2020

KARACHI: Exchange rate against Pakistan Rupee continued to exhibit mixed signs on Monday against USD, Euro, AED and SR. RATES: In the interbank market, Pakistan Rupee weakened by 10 paisas for both buying and selling against USD over last Friday's rates closing at 163.40 and 164.60 respectively. In the open market, PKR weakened by 30 paisas for both buying and selling against USD over last Friday's rates closing at 163.30 and 163.80 respectively.Against Euro, PKR gained 50 paisas for both buying and selling closing at 180.50 and 182 respectively.Against UAE Dirham, PKR weakened by 30 paisas for buying and by 20 paisas for selling closing at 43.70 and 43.90 respectively.Against Saudi Riyal, PKR gained 10 paisas for both buying and selling over last Friday's rates closing at 42.60 and 42.90 respectively.

========================Open Bid       Rs 163.30Open Offer     Rs 163.80========================

========================Bid Rate       Rs 163.40Offer Rate     Rs 164.60========================

Following fluctuating demand and supply situation, the greenback could not stabilise throughout the trading session and closed for buying and selling at Rs 163.60 and Rs 164.60 against the previous closing rate of Rs 163.50 and Rs 165.00 respectively, local currency dealers said.

On the other hand, the national currency drastically declined its worth against the pound sterling. Consequently, the pound's buying and selling rates rose from the Friday's closing of Rs 201.50 and Rs 203.50 to Rs 203.50 and Rs 205.00 respectively, they added.

The dollar opened at Rs164.50 (buying) and Rs 164.60(selling) against last rate of Rs164 (buying) and Rs 164.10(selling).

It closed at Rs164.50 (buying) and Rs 164.60(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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