RECORDER REPORT
KARACHI: The rupee fell modestly against the dollar on the money market on Friday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee shed two paisas in relation to the dollar for buying and selling at Rs 104.78 and Rs 104.80 respectively, they said.
In the final Asian trade, the dollar rose broadly as US bond yields rose, while the euro sank after the European Central Bank's decision to extend its debt-buying programme even as it cut the size of its purchases disappointed currency bulls.
The dollar index gained 0.1 percent to 101.230 following an overnight rise of nearly 1 percent. It was on track to gain 0.3 percent this week. The greenback was up 0.4 percent at 114.430 yen, coming within the reach of a 10-month high of 114.830 set last week. The yen's safe-haven appeal has diminished as Japan's Nikkei hit a one-year peak as Wall Street reached a record high.
The dollar was trading against the Indian rupee at Rs 67.63, the greenback was at 4.4220 in terms of the Malaysian ringgit and the US currency was at 6.8996 versus the Chinese yuan.
OPEN MARKET RATES: The rupee lost 20 paisas in term of the greenback for buying and selling at Rs 107.20 and Rs 107.40 respectively, dealers said.
The rupee, however, gained Rs 1.15 in terms of the euro for buying and selling at Rs 113.25 and Rs 114.75 respectively, respectively, they said.
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Open Bid Rs.107.20
Open Offer Rs.107.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.104.78
Offer Rate Rs.104.80
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RUPEE IN LAHORE: The Pakistani rupee failed to hold its strength against the US dollar in the local currency market on Friday.
According to currency dealers, the trading of the US dollar resumed on a positive note amidst lack of buyers' interest in the market. At the close, the dollar ended higher at Rs 107.55 and Rs 107.90 on buying and selling sides, respectively, as compared to the Thursday's closing rates of Rs 107.20 and Rs 107.50, respectively, they added.
On the other hand, the local currency showed stability as it recovered its day earlier losses versus the pound sterling. The pound's buying and selling rates declined from the overnight closing rates of Rs 134.60 and Rs 135.50 to Rs 134.00 and Rs 135.00, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at currency exchange shops of Islamabad and Rawalpindi here on Friday.
The dollar resumed trading at Rs 107 (buying) and Rs 107.50 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 107 (buying) and Rs 107.50 (selling).
Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last week's rate. It did not observe further change in the second session and closed at Rs 135 (buying) and Rs 135.10 (selling).
