American currency continues to outshine Pak rupee 1


KARACHI: The American currency continued its upward march against the rupee in the inter-bank market, dealers said on Tuesday.

The national currency lost four paisas during the day’s trading. The greenback kicked off trading at Rs 79.05 for buying and after gaining strength closed at Rs 79.09 for buying and Rs 79.14 for selling at the end of the day’s trading.

The European single currency recorded losses during the day’s trading. The euro commenced the day’s trading at Rs 105.66 for buying, lost strength and was changing hands at Rs 104.92 for buying and Rs 105.12 for selling. Thus, the local currency incurred a gain of Rs 74.

Similarly, the British currency also continued its downward rally against the national currency as the rupee incurred a gain of Rs 2.23. The pound sterling started the day’s trading at Rs 118.25 for buying and after losing strength closed at Rs 116.02 for buying and Rs 116.22 for selling at the end of the day’s trading.

Open Market: The rupee continued to gain strength against the American currency in the open market, dealers said. The greenback started the day’s trading at Rs 78.85 for buying and after losing strength closed at Rs 78.80 for buying and Rs 79.80 for selling at the end of the day’s trading, Thus, the rupee incurred a gain of five paisas.

The European single currency also lost strength against the rupee as the euro commenced the day’s trading at Rs 104.25 for buying and after depreciating closed at Rs 103.41 for buying and Rs 104.85 for selling. Thus, the national currency incurred a gain of 84 paisas.

The pound sterling was also down against the national currency during the day’s trading as the British currency recorded a loss of Rs 2.91 during the day’s trading. The pound sterling commenced trading at Rs 116.58 for buying and after depreciating closed at Rs 113.67 for buying and Rs 115.18 for selling.

Source: Daily Times, 14/1/2009

 


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  • Overseas Post author

    Rupee exchange rates
    USA 79.79 77.81
    UK 117.88 114.75
    Euro 106.36 103.64
    Canada 66.46 66.29
    Switzerland 70.79 70.61
    Australia 55.57 55.42
    Sweden 9.95 9.92
    Japan 0.8728 0.8706
    Norway 11.28 11.25
    Singapore 53.15 53.01
    Denmark 14.27 14.23
    Saudi Arabia 21.27 20.75
    Hong Kong 10.17 10.14
    China 11.54 11.51
    Kuwait 279.79 279.08
    Malaysia 22.28 22.23
    Newzealand 46.69 46.57
    Qatar 21.67 21.61
    UAE 21.72 21.18
    KR WON 0.0585 0.0584
    Thailand 2.265 2.259