RECORDER REPORT
KARACHI: The rupee continued its decline versus the dollar on the money market on Friday, but it is most likely that the national currency may rebound in the near future, dealers said.
INTER-BANK MARKET RATES: The rupee dropped by 55-paisa against the dollar for buying and selling at Rs 101.65 and Rs 101.70 respectively, they said.
OPEN MARKET RATES: The rupee also fell by 60-paisa in relation to the dollar for buying at Rs 101.30 and it also shed 55-paisa for selling at Rs 101.50. It lost 90-paisa versus the euro for buying and selling at Rs 134.00 and Rs 134.25, they said.
In the final Asian session, the dollar hovered just below its 2014 peak against a basket of major currencies, with bulls turning cautious ahead of a speech by Federal Reserve Chair Janet Yellen. The dollar index held steady at 82.144, having risen as high as 82.364 on Thursday - a level last seen in early September.
The dollar was trading against the Indian rupee at Rs 60.43, the greenback was at 3.1625 versus the Malaysian ringgit and the US currency was available at 6.159 in terms of the Chinese yuan.
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Open Bid Rs 101.30
Open Offer Rs 101.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs 101.65
Offer Rate Rs 101.70
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RUPEE IN LAHORE: The rupee declined against the major currencies including US dollar and British pound on the local currency market on Friday.
According to the currency dealers, the dollar resumed trading on a healthy note and kept on rising following fresh buying. At close of trading, the dollar was ended higher at Rs 101.00 and Rs 101.25 as its buying and selling rates against Rs 100.25 and Rs 100.50 of Thursday, respectively, the dealers said.
The Pak rupee also remained weak and was slide down against the pound sterling that was traded at Rs 166.25 and Rs 166.50 on buying and selling counters compared with day earlier closing of Rs 166.25 and Rs 166.50, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar was strengthened by Re 1 against the rupee on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 101 (buying) and Rs 101.10 (selling) against last rate of Rs 100 (buying) and Rs 100.10 (selling). It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling).
Pound Sterling opened at Rs 166 (buying) and Rs 166.50 (selling) against same last rate. British currency did not observe any further fluctuation by the end of the day and closed on the same rates.
Kerb buying and selling rate of US dollar
RECORDER REPORT
KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (August 22, 2014).
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Open Bid Rs 101.30
Open Offer Rs 101.50
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Dollar's rate in interbank market
RECORDER REPORT
KARACHI: Interbank closing rates for dollar on Friday (August 22, 2014).
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Bid Rate Rs 101.65
Offer Rate Rs 101.70
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