BR RESEARCH
KARACHI: The rupee did not move any side in relation to the dollar on the money market, dealers said on Friday.
INTER-BANK MARKET RATES: The rupee was firm against the dollar for buying and selling Rs 115.61 and Rs 115.62 respectively, they said.
OPEN MARKET RATES: The rupee was unchanged in terms of the dollar for buying and selling at Rs 118.00 and Rs 118.50 respectively, they said. The national currency was available versus the euro for buying and selling at Rs 138.25 and Rs 139.75 respectively, they said.
In the final Asian market, the dollar wallowed near a three-week low against its peers on Friday as US Treasury yields fell sharply, while the euro's recovery remained intact amid expectations the European Central Bank will begin unwinding its stimulus programme.
The dollar index versus a basket of six major currencies was little changed at 93.467 after declining 0.3 percent overnight, when it posted its fourth session of losses.
The dollar was trading against the Indian rupee at Rs 67.480, the greenback was at 3.982 in terms of the Malaysian ringgit and the US currency was at 6.404 in relation to the Chinese yuan.
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Open Bid Rs.118.00
Open Offer Rs.118.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.115.61
Offer Rate Rs.115.62
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RUPEE IN LAHORE: The rupee recovered on buying side whereas it remained firmed on selling side in relation to the US dollar in the local currency market on Friday.
According to currency dealers, the dollar commenced trading on its overnight closing of Rs 118.60 and Rs 118.80 as its buying and selling rates, respectively. At the close, the dollar recovered by 25 paisas for buying at Rs 118.35. However, it firmly held its opening trend for selling for another day, they added.
Moreover, the local currency failed to sustain as it depreciated by 20 paisas against the pound sterling for buying at Rs 157.40 whereas it did not witness any change in its selling rate that remained the same throughout the trading session at Rs 158.20, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed a recovery of 70 paisa against the dollar at the at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs118.20(buying) and Rs 118.30 (selling) against last rate of Rs118.90(buying) and Rs 119(selling). It closed at Rs 118.20 (buying) and Rs 118.30 (selling).
