Pakistan rupee regains strength vs dollar-20-May-09


KARACHI: The national currency regained strength against the dollar in the interbank market, dealers said on Wednesday.

The dollar commenced the day’s trading at Rs 81.07 for buying, registered loss and was changing hands at Rs 80.91 for buying and Rs 81.11 for selling at the close of the day’s trading. Thus, the national currency incurred a gain of 16 paisas. The European single currency gained five paisas against the rupee as the euro started the day’s trading at Rs 110.34 for buying, gained grounds and was changing hands at Rs 110.39 for buying and Rs 110.59 for selling.

Similarly, the pound remained positive against the rupee, as the national currency recorded a loss of 13 paisas. The pound sterling started the day’s trading at Rs 125.43 for buying and after incurring gains was changing hands at Rs 125.56 for buying and Rs 125.76 for selling during the day’s trading.

Open market: The rupee remained unchanged against the dollar, dealers said. The dollar started the day’s trading at Rs 80.80 for buying, did not witness any change and closed at Rs 80.80 for buying and Rs 81.10 for selling. Similarly, the European single currency did not show any change against the local currency, as the euro initiated the day’s trading at Rs 108.00 for buying and closed at the same rate of Rs 108.00 for buying and Rs 110.00 for selling. However, the British currency was slightly down by two paisas against the rupee. The pound sterling started the day’s trading at Rs 121.50 for buying and after losing strength closed at Rs 121.48 for buying and Rs 123.18 for selling. Daily Times

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