The rupee resisted sharp fall against the dollar on the currency market on Friday, dealers said. The rupee managed to sustain its overnight level versus the dollar at Rs 102.75 while it was up by four-paisa for selling at Rs 102.76, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee shed five-paisa in terms of the greenback for buying and selling at Rs 102.50 and Rs 102.70 respectively, however it picked up 25-paisa in relation to the euro for buying and selling at Rs 131.50 and Rs 131.75, they said.
In the final Asian trade, sterling sped higher on Friday after two early results from the Scottish vote on independence showed the unionist camp winning easily, reinforcing market expectations the country would remain in the United Kingdom.
The result in the small borough of Clackmannanshire was reported as 46.2 percent in support of independence, with 53.8 percent against. The dollar was trading against the Indian rupee at Rs 60.79, the greenback was at 3.2365 in terms of the Malaysian ringgit and the US currency was available at 6.1378 versus the Chinese yuan.
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
RUPEE IN LAHORE: The Pak rupee maintained upward move and was further improved by 55-paisa on buying side at Rs 102.00 and 30-paisa on selling side at Rs 102.50 in relation to the greenback on the local currency market on Friday.
According to the currency dealers, the dollar was opened on a negative note and remained under selling pressure throughout the day. At close, the dollar was ended further lower at Rs 102.00 and Rs 102.50, as its buying and selling rates against Rs 102.55 and Rs 102.80 of Thursday, respectively, the dealers said.
However, the rupee continued downward slide for another day and was depreciated against the pound sterling. The pound was purchased and sold at Rs 166.80 and Rs 167.10 compared with day earlier closing of Rs 166.25 and Rs 166.50, respectively, they added.
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).