WEB DESK: The dollar gained strength versus the rupee in line with the other regional currencies, dealers said on the money market on Friday.
On the back of rising demand, the US dollar showed a visible gain in terms of the other global currencies, experts said. Indian rupee, such as in the neighbouring country, tumbled in line with its Asian peers due to persistent risk-off sentiment owing to dollar’s strength.
INTER-BANK MARKET RATES: The rupee depicted no change in relation to the dollar for buying and selling at Rs 105.50 and 105.51 respectively, they said. In the final Asian trade, the dollar, euro and yen found themselves in s familiar territory, having shuffled sideways in thin trade with US markets shut for the Thanksgiving Day holiday.
The euro managed to hold above $1.0600 and last stood at $1.0606. It remained within reach of a 7-1/2 month trough of $1.0565 set earlier in the week. Against the yen, the common currency was flirting with 130.00, not far off a 7-month low of 129.77.
The prospect of more easing from the European Central Bank (ECB) at next week’s policy review has been keeping the euro under pressure. The dollar was available against the Indian rupee at Rs 66.71, the greenback was trading at 4.2330 in terms of the Malaysian ringgit and the US currency was at 6.3941 versus the Chinese yuan.
OPEN MARKET RATES: The rupee, after travelling in a positive territory, stumbled with modest losses, falling 40-paisa for buying at Rs 106.40 and it also lost 30-paisa for selling at Rs 106.60, while it held the overnight levels versus the euro for buying and selling at Rs 112.80 and Rs 113.80 respectively, they added.
Open Bid Rs.106.40
Open Offer Rs.106.60
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
Bid Rate Rs.105.50
Offer Rate Rs.105.51
RUPEE IN LAHORE: The rupee continued fall against the dollar on the local money market on Friday.
The rupee lost five paisas in terms of the dollar for buying and selling at Rs 106.95 and Rs 107.20 as compared with the previous closing of Rs 106.90 and Rs 107.15 of Thursday, respectively.
The rupee also slid against the pound sterling which was traded at Rs 160.00 and Rs 160.70 on buying and selling sides against the previous closing of Rs 160.30 and Rs 160.80.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).