RECORDER REPORT
KARACHI: The rupee depicted modest improvement against the dollar on the money market on Friday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee picked up two paisas in relation to the dollar for buying and selling Rs 115.58 and Rs 115.60 respectively, they said.
OPEN MARKET RATES: The rupee improved by 20 paisas in terms of the dollar for buying and selling at Rs 117.00 and Rs 117.50 respectively, they said. The national currency also rose by 10 paisas versus the euro for buying and selling at Rs 137.50 and Rs 139.00 respectively, they said.
In the final Asian trade, the dollar edged higher against the yen on Friday and set a fresh four-month high, buoyed by a further rise in US Treasury yields that suggests a more upbeat outlook for the world's largest economy and possibly more rate hikes.
US benchmark 10-year yields hit a high of 3.128 percent in early Asian trade on Friday, the highest in nearly seven years.
The US 10-year bond yield has climbed about 15 basis points this week, putting it on track for its biggest weekly rise in more than three months.
The dollar touched a high of 111.005 yen, its strongest level since Jan. 23, and last changed hands at 110.92 yen, up 0.1 percent on the day.
The dollar was trading against the Indian rupee at Rs 67.965, the greenback was available versus the Malaysian ringgit at 3.976 and the US currency was at 6.369 in terms of the Chinese yuan.
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Open Bid Rs.117.00
Open Offer Rs.117.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.115.58
Offer Rate Rs.115.60
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RUPEE IN LAHORE: The rupee-dollar parity stayed unchanged amidst sluggish trend in the local currency market on Friday.
According to currency dealers, the US dollar commenced trading on its overnight closing of Rs 117.10 and Rs 117.65 as its buying and selling rates, respectively. The dollar did not witness any change in its demand and supply situation as its opening rates prevailed till close of trading, they added.
Moreover, the national currency failed to sustain as it depreciated by 10 paisas against the pound sterling for buying at Rs 157.10. However, it firmly held its opening trend for selling at Rs 158.50, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 117.50 (buying) and Rs 118 (selling) against same last rate. It closed at Rs 117.50 (buying) and Rs 118 (selling).
