THE RUPEE: dollar at Rs 102 on interbank market

The rupee touched the low level at 102.00 mark against the dollar on the inter-bank market on Friday, dealers said. The rupee lost 10-paisa in relation to the dollar for buying and selling at Rs 102.02 and Rs 102.04 respectively, they said.

INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight levels in terms of the dollar for buying and selling at Rs 103.50 and Rs 103.70 respectively. The local currency lost one rupee in relation to the euro for buying and selling at Rs 116.25 and Rs 117.25 respectively, they said.

In the final Asian trade, the euro rose amid signs of a retreat from risky assets and scaled a 17-month peak against the Australian dollar. The single currency rose to its highest level since March 2014 versus the Australian dollar at 1.5464.

Against the greenback, the euro rose 0.4 percent to $1.1286. The euro had risen as high as $1.1290 as of 0321 GMT, its highest level in about two months. The euro is likely to stay firm if global equities weaken further, said Jesper Bargmann, head of trading for Nordea Bank in Singapore. The dollar was trading against the Indian rupee at Rs 65.83, the greenback was at 4.1820 versus the Malaysian ringgit and the US currency was at 6.395 in terms of the Chinese yuan.

Open Bid       Rs.103.50
Open Offer     Rs.103.70

Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.

Bid Rate       Rs.102.02
Offer Rate     Rs.102.04

RUPEE IN LAHORE: The Pak rupee remained weak and lost 10-paisa in relation to the greenback on the local currency market on Friday.

The currency dealers said that the dollar resumed trading on a healthy note and registered gain following fresh buying. The dollar ended higher at Rs 103.90 and Rs 104.30 on buying and selling side against Rs 103.80 and Rs 104.20 of Thursday, respectively.

Likewise, the rupee remained under pressure and further declining against the pound sterling. The pound’s buying and selling rates improved from the overnight closing of Rs 161.10 and Rs 161.60 to Rs 162.00 and Rs 162.50, respectively, the dealers said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on the open currency markets of Islamabad and Rawalpindi here on Friday. The dollar opened at Rs 102 (buying) and Rs 102.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 102 (buying) and Rs 102.20 (selling). Pound Sterling opened at Rs 157 (buying) and Rs 157.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 157 (buying) and Rs 157.50 (selling).

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