THE RUPEE: steady trend

The rupee managed to resist further decline against the dollar on the money market on Friday in process of trading, currency experts said. The rupee was unchanged versus the dollar for buying and selling at Rs 110.57 and Rs 110.58 respectively, they said.
INTER-BANK MARKET RATES: In the final Asian trade, the dollar edged up against the yen and other currencies on Friday, trimming earlier losses, as global investors gingerly dipped their toes back into riskier assets amid rapidly shifting views on US monetary policy.
The dollar edged up 0.1 percent to 106.850 yen. It had dropped nearly 1 percent overnight as US Treasury yields retreated from four-year peaks.
The dollar was available against the Indian rupee at Rs 64.840, the greenback was at 3.908 in terms of the Malaysian ringgit and the US currency was trading against Chinese yuan at 6.34.
OPEN MARKET RATES: The rupee did not move any side in terms of the dollar for buying and selling Rs 111.90 and Rs 112.20 respectively, however it lost 40 paisas in relation to the euro for buying and selling at Rs 137.00 and Rs 138.50 respectively, they added.

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Open Bid       Rs.111.90

Open Offer     Rs.112.20

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

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Bid Rate       Rs.110.57

Offer Rate     Rs.110.58

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RUPEE IN LAHORE: The Pak rupee-dollar parity stayed unchanged amidst sluggish trend in the local currency market on Friday.
The US dollar resumed trading on its overnight closing of Rs 112.00 and Rs 112.30 as its buying and selling rates, respectively. At the close, no change in its value took place for buying and selling as it sustained its opening trend till close of trading, local currency dealers said.
The national currency, however, failed to hold its strength as it registered a considerable decline in terms of trading against the pound sterling. Resultantly, the pound's buying and selling rates rose from Thursday's closing of Rs 153.85 and Rs 155.00 to Rs 155.20 and Rs 156.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 111.45 (buying) and Rs 111.55 (selling). It closed at Rs.111.45 (buying) and Rs111.55 (selling).
Copyright Business Recorder, 2018