OPEN MARKET RATES: The rupee picked up 20 paisas in relation to the dollar for buying at Rs 138.30 and it also gained 10 paisas for selling at Rs 138.80, they said. The rupee rose by 20 paisas against the euro for buying and selling at Rs 156.20 and Rs 158.00 respectively, they said.
In the final US trade, the dollar fell on Friday as investors took on riskier assets after top US and Chinese leaders said a trade deal between their countries was likely. Just over a week remains before higher tariffs can be triggered by the expiration of a US-imposed deadline for an agreement.
But on Friday, US President Donald Trump and Chinese President Xi Jinping both said significant progress had been made in the trade talks and that a deal was possible in the near future. Xi's message was delivered in a letter to Trump.
Trump also said on Friday that if he saw progress in trade talks with China, he might be inclined to extend negotiations beyond a March 1 deadline, and suggested it was likely the globe's two largest economies would be able to make a deal.
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Open Bid Rs.138.30
Open Offer Rs.138.80
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RUPEE IN LAHORE: The Pak rupee appreciated its worth on buying side while it stayed unchanged on selling side in relation to the greenback in the local currency market on Saturday.
According to currency dealers, the greenback lost 25 paisas and ended lower for buying at Rs 138.50 against the overnight closing rate of Rs 138.75 whereas it firmly sustained its opening trend for selling at Rs 139.20.
Moreover, the national currency marginally decreased five paisas against the pound sterling for buying at Rs 179.20 against the opening trend of Rs 179.15 while it also stayed unchanged for selling at Rs 180.50, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 10 paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 138.55 (buying) and Rs 138.65(selling) against last rate of Rs138.65 (buying) and Rs 138.75(selling). It closed at Rs 138.55 (buying) and Rs 138.65 (selling).
The buying and selling rates of one tola of gold was Rs. 68,150 (selling) and Rs 68,100 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.