The rupee extended its overnight slide in terms of the dollar and euro on the currency maarket on Friday, dealers said. The rupee fell by 25-paisa in relation to the dollar for buying at Rs 102.50 and 27-paisa for selling at Rs 102.55, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same pattern, losing 30-paisa versus the dollar for buying and selling at Rs 102.30 and Rs 102.50 respectively. It also depreciated by 75-paisa against the euro for buying and selling at Rs 132.50 and Rs 132.75 respectively, they said.
In the final Asian trade, the dollar set a fresh six-year high against the yen, continuing to draw strength as investors bet that the US Federal Reserve could send a hawkish signal at its policy meeting next week. The dollar touched a high of 107.39 yen, its strongest level since September 2008, and last traded at 107.35 yen, up 0.2 percent from late US trade on Thursday. The dollar was trading against the Indian rupee at Rs 60.90, the greenback was at 3.1985 in terms of the Malaysian ringgit and the US currency was at 6.1328 versus the Chinese yuan.
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
RUPEE IN LAHORE: The Pak rupee maintained downward slide for another day and was declined by 35-paisa against the US dollar on the local currency market on Friday.
According to the currency dealers, the dollar was opened on a positive sign and kept on rising following rising demand. At close of trading, the dollar was ended further higher at Rs 102.25 and Rs 102.50 as its buying and selling rate against Rs 101.90 and Rs 102.15 of Thursday, respectively.
However, the rupee-pound sterling parity remained unchanged amid sluggish trading trend. The pound was purchased and sold at its overnight closing of Rs 164.90 and Rs 165.15 on buying and selling side, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against. Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).