The rupee failed to come out of overnight weakness against the dollar on the money market on Saturday in the process of trading activity, dealers said.
In the final US trade, the yen and Swiss franc gained on Friday, as investors sought the safe-haven currencies due to nagging US-China trade war jitters, renewed political uncertainty in Italy and weak economic data around the world.
Deep liquidity and current account surpluses in Japan and Switzerland attract safe-haven flows to those currencies during times of geopolitical and economic stress.
The dollar index dipped 0.1% slipped to 97.545 and remained on course for its biggest weekly decline since June 21.
Sterling fell 0.5% to $1.2075 against the dollar and 0.7% versus the euro, which rose to 92.74 pence, after the UK's weak data.
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Open Bid Rs.158.50
Open Offer Rs.159.50
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According to the currency dealers, the dollar resumed trading on a depressed note and kept on sliding due to lacking interest on the part of buyers. At close of trading, the dollar ended lower at Rs 157.50 and Rs 159.00 as its buying and selling rate against the day earlier closing of Rs 158.60 and Rs 159.35, respectively.
On the contrary, the rupee remained under pressure and was declined against the pound sterling. The pound was traded at Rs 190.50 and Rs 192.00 on buying and selling counter as compared to Rs 190.35 and Rs 191.50, respectively, the dealers said.
The dollar opened at Rs 160.20 (buying) and Rs 160.30 (selling) against last rate of Rs 159.60 (buying) and Rs 159.70 (selling).
It closed at Rs 160.20 (buying) and Rs 160.30 (selling).
The buying and selling rates of one tola of gold remained as Rs 84,200 (selling) and Rs 83,900 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.