Pak Rupee: Dollar low marginally

Saturday, June 20, 2009

KARACHI: The rupee managed to recover slightly against the dollar on the interbank market on Friday as it gained three paisa in relation to dollar for buying and selling at 81.10 and 81.15, dealers said. According to some marketmen there is higher demand for dollars by the importers, but supply factor did not allow the rupee to bow down in terms of the greenback.

Amid final Asian trade dollar fell against euro and the Australian dollar trimming the previous day's light gains after reassuring US data supported regional stock markets. But gains in euro and the Aussie were limited as the market has struggled for direction this week, with investors assessing whether a three-month long rally in riskier assets has forgotten ahead of itself while the global economy is still struggling.

Open Market Rates: Downward trend was seen as the rupee shed five paisa in terms of the US currency for buying at 81.05 and 10 paisa for selling at 81.10, they said. The rupee failed to give up weakness against euro, falling 10 paisa for buying at Rs 112.60 and Rs 113.60, they said.

Open Buying Rs 81.05
Open Selling Rs 81.10

Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.

Buying Rs 81.10
Selling Rs 81.15

(BRecorder)