Stable trend was seen on the money market on Friday in the process of trading, dealers said. The rupee showed little variation against the dollar, picking up one-paisa for buying and selling at Rs 98.15 and Rs 98.17 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee maintained overnight levels in relation to the dollar for buying and selling at Rs 99.80 at Rs 99.95 respectively, they said. The rupee gained 25-paisa in relation to the euro for buying and selling at Rs 137.00 and Rs 137.30, respectively.
In the final Asian trade, the dollar traded close to a five-week high against a basket of currencies in Asia on Friday, as investors positioned for the possibility of an upside surprise in US non-farm payrolls due later in the day.
Analysts polled by Reuters expect the economy to have created 200,000 jobs in March, which would be the highest in four months, after rising by 175,000 in February. The unemployment rate is seen falling one-tenth of a percentage point to 6.6 percent. The dollar was trading against the Indian rupee at Rs 60.34, the greenback was at 3.2825 in terms of the Malaysian ringgit and the US currency was at 6.2156 in relation to the Chinese yuan.
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
RUPEE IN LAHORE: The Pak rupee recovered some of its earlier loss and gained 10-paisa against the US dollar on the local currency market on Friday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 100.10 and Rs 100.35 as its buying and selling rates, respectively. In the absence buyers’ interest, the dollar could not sustain and was slide down to Rs 100.00 and Rs 100.25, respectively.
Similarly, the national currency remained strong and was appreciated against the British pound. The pound’s buying and selling rates were declined from Thursday closing of Rs 166.25 and Rs 166.75 to Rs 166.00 and Rs 166.35, respectively, the dealers 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 100 for buying and Rs 100.10 for selling against same last rate. It did not observe further change in the second session and closed at Rs 100 for buying and Rs 100.10 for selling.
Pound Sterling opened at Rs 165 for buying and Rs 165.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.