RECORDER REPORT
KARACHI: Firmness prevailed on the money market on Friday as the rupee traded within a narrow range versus the dollar in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee did not move any side in terms of the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively, they said.
OPEN MARKET RATES: The rupee was unchanged versus the dollar for buying and selling at Rs 107.30 and Rs 107.50 respectively, they said.
The rupee dropped by 45 paisas in relation to the euro for buying and selling at Rs 125.30 and Rs 126.30 respectively.
In the fifth Asian trade, the dollar dipped against its major peers, its mild bounce earlier petering out ahead of the second quarter US economic growth data due later in the session.
The dollar index against a basket of six major currencies was a shade lower at 93.826 after edging up 0.2 percent the previous day.
The greenback, which had sunk to a 13-month low midweek after the Federal Reserve's policy statement suggested it was in no hurry to raise interest rates again, received a lift on Thursday as Treasury yields rose on the back of upbeat US durable goods and trade data.
The dollar was trading against the Indian rupee at Rs 64.195, the US currency was available at 4.279 in terms of the Malaysian ringgit and the greenback was at 6.748 versus the Chinese yuan.
========================
Open Bid Rs.107.30
Open Offer Rs.107.50
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
========================
Bid Rate Rs.105.39
Offer Rate Rs.105.40
========================
RUPEE IN LAHORE: The Pak rupee depreciated on buying side while it stayed unchanged on selling side against the greenback in the local currency market on Friday.
The dollar commenced trading on its overnight trend of Rs 107.30 and Rs 107.50 as its buying and selling rates respectively.
At the close, it lost by 10-paisa on buying counter and ended at Rs 107.40. However, no change in its value took place on selling counter as it sustained its opening trend of Rs 107.50, local currency dealers said.
Furthermore, the national currency stayed unchanged on buying side, however, it depreciated by 10-paisa on selling side versus the pound sterling. The British currency was bought and sold at Rs 139.80 and Rs 140.50 against Rs 139.80 and Rs 140.40 of Thursday, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar improved against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against last rate of Rs 107 (buying) and Rs 107.10 (selling). It closed at Rs 107.10 (buying) and Rs 107.20 (selling).
