KARACHI: The rupee did not move any side versus the dollar on the money market on Friday in the process of trading, dealers said.

INTER-BANK MARKET RATES: The national currency firmly held the present levels against the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively, they said.

In the final Asian trade, the dollar slipped versus the yen, hampered by renewed investor concerns over the Trump administration's ability to push forward its economic policy agenda.

The dollar fell 0.2 percent to 109.33 yen, pulling further away from this week's high of 110.95 yen that had been set on Wednesday.

The yen often comes into favour in times of market stress, partly due to the notion that Japanese investors might eventually repatriate their overseas assets if such market turmoil persists.

The dollar was trading against the Indian rupee at Rs 64.108, the US currency was trading against the Malaysian ringgit at 4.295 and the greenback was at 6.677 in relation to the Chinese yuan.

OPEN MARKET RATES: The rupee was unchanged in relation to the dollar for buying and selling at Rs 106.50 and Rs 106.70 respectively, they said.

The rupee, however, failed to retain overnight levels in terms of the euro, losing 25 paisas for buying and selling at Rs 124.00 and Rs 125.50 respectively, they said.


Open Bid Rs.106.50

Open Offer Rs.106.70


Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.


Bid Rate Rs.105.39

Offer Rate Rs.105.40


RUPEE IN LAHORE: The Pakistani rupee moved both ways against the US dollar and British pound in the local currency market on Friday.

According to currency dealers, the US dollar continued trading on a mixed pattern following divergent trend in the local currency market. At the close, it ended at Rs 106.45 and Rs 106.65 on buying and selling side, respectively, as compared to the overnight closing rates of Rs 106.40 and Rs 106.70 respectively, they added.

Likewise, the national currency also followed the same suit versus the pound sterling. The British currency was bought and sold at Rs 135.90 and Rs 136.60 against Rs 135.70 and Rs 136.70 of Thursday, they said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar 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 same last rate. It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.

Copyright Business Recorder, 2017