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The rupee moved both ways against the dollar on the money market on Thursday in process of trading activity, dealers said.

INTER-BANK MARKET RATES: The rupee dropped modestly versus the dollar for buying and selling at Rs 156.57 and Rs 156.60 respectively, they said.

OPEN MARKET RATES: The rupee appreciated by 10 paisas in relation to the greenback for buying and selling at Rs 156.00 and Rs 156.50 respectively, they said. The rupee was available in terms of the euro for buying and selling at R171.30 and Rs 173.30 respectively, they said.

In the fourth Asian trade, risk-sensitive currencies such as the Aussie and yuan rallied on Thursday as investors cheered the announcement of US-China trade talks for next month and abandoned safe haven assets such as yen.

The Australian and New Zealand dollars, Chinese yuan and South Korean won all jumped against the dollar, while the yen fell nearly 0.4% to 106.75 per dollar, its cheapest in more than three weeks.

The dollar was trading against the Indian rupee at Rs 71.870, the greenback was at 4.191 versus the Malaysian ringgit and the US currency was at 7.133 in relation to the Chinese yuan.





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Open Bid Rs.156.00

Open Offer Rs.156.50

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





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Bid Rate Rs.156.57

Offer Rate Rs.156.60

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RUPEE IN LAHORE: The Pak rupee-greenback parity stayed unchanged amidst sluggish trend in the local currency market on Thursday.

According to currency dealers, the greenback did not observe any change in its demand and supply situation as it firmly sustained its opening trend for buying and selling at Rs 156.20 and Rs 156.60 respectively.

In addition, the national currency continued to keep going down for the second consecutive day against the pound sterling. The pound's buying and selling rates further improved from the Wednesday's closing of Rs 189.65 and Rs 190.50 to Rs 192.00 and Rs 192.80 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 10 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.

The dollar opened at Rs 156.80(buying) and Rs 156.90(selling) against last rate of Rs 156.90(buying) and Rs 157(selling).

It closed at Rs 156.80(buying) and Rs 156.90(selling).

The buying and selling rates of one tola of gold were Rs. 89,000 (selling) and Rs 88,500(buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.

Copyright Business Recorder, 2019


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