RECORDER REPORT
KARACHI: The rupee did not budge any side against the dollar on the money market on Friday in the process of trading, dealers said.
OPEN MARKET RATES: The rupee was unchanged in relation to the dollar for buying and selling at Rs 107.20 and Rs 107.40 respectively, they said.
The rupee shed 30 paisas in terms of the euro for buying and selling at Rs 126.30 and Rs 127.55 respectively, they said.
INTER-BANK MARKET RATES: The rupee did not move any side versus the dollar for buying and selling at Rs 105.45 and Rs 105.46 respectively, they said.
In the final Asian trade, the dollar slipped on Friday, weakened by a Wall Street Journal report that investigators into possible Russian interference in the 2016 US presidential election had subpoenaed President Donald Trump's election campaign for documents.
Special Counsel Robert Mueller’s team issued the subpoena last month for documents containing specified Russian keywords from more than a dozen officials, according to the report.
The dollar index against a basket of six major currencies was down 0.35 percent at 93.593.
The index had edged up overnight to pull away from a four-week trough of 93.402 set on Wednesday. Wall Street shares rallied overnight after sagging through much of the week, causing a 4 basis points jump in the long-term Treasury yield to shore up the dollar.
The dollar was available versus the Indian rupee at Rs 64.818, the greenback was at 4.160 in terms of the Malaysian ringgit and the US currency was at 6.629 versus the Chinese yuan.
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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 105.45
Offer Rate Rs 105.46
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RUPEE IN LAHORE: The Pak rupee appreciated versus the greenback in the local currency market on Friday.
According to currency dealers, the greenback resumed trading on a negative note amidst lack of buyers’ interest in the currency market.
Consequently, it slid to Rs 107.00 and Rs 107.40 for buying and selling, respectively, as compared to the overnight closing trend of Rs 107.15 and Rs 107.45 respectively, they added.
Furthermore, the national currency firmly held its opening trend against the pound sterling for buying at Rs 140.50. However, it shed by 50 paisas for selling at Rs 142.00, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 107.60 (buying) and Rs 107.70 (selling) against same last rate. It closed at Rs 107.60 (buying) and Rs 107.70 (selling).
