The rupee-dollar parity rates moved cautiously on the money market on Friday, dealers said. The rupee shed four-paisa versus the dollar for buying and selling at Rs 105.46 and Rs 105.48 respectively, dealers said.
INTER-BANK MARKET RATES: OPEN MARKETS RATES: The rupee held the overnight level against the dollar for buying at Rs 106.10 while it was lower by 10-paisa for selling at Rs 106.20, they added. The rupee fell sharply by Rs 1.35 in terms of the euro for buying and selling at Rs 144.25 and Rs 144.50 respectively, they said.
In the final Asian trade, the yen and Swiss franc held firm, having charged higher overnight as worries about a slowdown in China and turmoil in some emerging markets spurred demand for the safe-haven currencies.
The euro also held onto the previous day’s hefty gains, which stemmed from data that showed a strong euro zone recovery and fuelled a shift of funds into the common currency from emerging markets. The dollar was trading against the Indian rupee at Rs 62.15, the greenback was at 3.3305 in terms of the Malaysian ringgit and the US currency was at 6.0473 in relation to the Chinese yuan.
Open Bid Rs 105.46
Open Offer Rs 105.48
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
Bid Rate Rs 106.10
Offer Rate Rs 106.20
RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid sluggish trading trend on the local currency market on Friday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 106.45 and Rs 106.65 as its buying and selling, respectively. In the absence of any change in the dollar’s demand and supply situation, its opening rate continued to prevail till close of trading, the dealers said.
Similarly, the national currency showed stability and stayed unchanged against the pound sterling. The pound was purchased and sold at its Thursday closing of Rs 176.50 and Rs 177.25 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 106 for buying and Rs 106.25 for selling against last rate. It did not observe further change in the second session and closed at Rs 106 for buying and Rs 106.25 for selling.
Pound Sterling opened at Rs 173 for buying and Rs 173.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.
Source: Business Recorder