Gradual changes were seen in the rupee’s value versus the dollar on the local currency market on Friday, dealers said. The rupee slipped by five-paisa in relation to the dollar for buying at Rs 101.65 and the national currency also shed three-paisa for selling at Rs 101.67, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee sustained its rate against the dollar for buying at Rs 102.10 while it fell by five-paisa for selling at Rs 102.35, they said. The rupee gained sharply against the euro, picking up Rs 1.10 for buying and selling at Rs 127.20 and Rs 127.45 respectively, they said.
In the final Asian trade, the yen rose sharply after Japanese Finance Minister Taro Aso said the currency’s fall over the past week was too rapid, in one of the strongest warnings against a weak yen since Japan started its aggressive monetary stimulus two years ago.
The dollar rallied to 117.355 per dollar from around 118.00 yen before his comments, extending it recovery from a seven-year low of 118.98 struck on Thursday. The yen last traded at 117.70 per dollar. The dollar was available against the Indian rupee at Rs 61.94, the US currency was at 3.3535 in terms of the Malaysian ringgit and the greenback was at 6.1202 in relation to the Chinese yuan.
Open Bid Rs.102.10
Open Offer Rs.102.35
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
Bid Rate Rs.101.65
Offer Rate Rs.101.67
RUPEE IN LAHORE: The Pak rupee remained under pressure and lost 15-paisa in relation to the greenback on the local currency market on Friday.
According to the currency dealers, the dollar was opened on a healthy note and registered gain following fresh buying. At close of trading, the dollar was ended higher at Rs 102.25 and Rs 102.50 on buying and selling side against Rs 102.10 and Rs 102.35 of Thursday, respectively, the dealers said.
Similarly, the rupee failed to maintain upward slide and was declined against the pound sterling. The pound was traded at Rs 160.10 and Rs 160.35 on buying and selling counter compared with day earlier closing of Rs 159.45 and Rs 159.70, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed a recovery of over Re 1 against the dollar on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 102.30 (buying) and Rs 102.40 (selling) against last rate of Rs 103 (buying) and Rs 103.10 (selling). It did not observe further change in the second session and closed at Rs 102.30 (buying) and Rs 102.40 (selling).
Pound Sterling opened at Rs 159 (buying) and Rs 160 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 159 (buying) and Rs 160 (selling).