Pak Rupee gains

Wednesday July 01, 2009

KARACHI: Firm trend was witnessed on the currency market on Tuesday as the rupee resisted erosion in its value at the end of the fiscal year 2008-09, experts said. On the interbank market the rupee gained five paisa against dollar for buying at 81.35 while it retained its level for selling at 81.45, they said.

In the second Asian trade dollar and yen slipped as higher oil, gains in share prices and better-than-expected sentiment in the euro zone boosted hopes of a global recovery, helping investor risk appetite. Currencies of commodity producers such as the Australian dollar rose as oil prices surged above $73 per barrel to hover near an eight-month high.

Open Market Rates: The rupee gained 15 paisa versus dollar for buying at 81.35, it, however, shed five paisa for selling at 81.65, they said. The rupee lost 86 paisa in terms of euro for buying and selling at Rs 113.56 and 114.56, they said.

Buying Rs 81.35
Selling Rs 81.45

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

Open Buying Rs 81.35
Open Selling Rs 81.65

(BRecorder)