Slight changes were seen on the money market on Friday as the rupee did not move rapidly against the dollar in process of trading, experts said. The rupee inched up by two paisas versus the dollar for buying and selling at Rs 110.55 and Rs 110.56 respectively, they said.
INTER-BANK MARKET RATES: In the final Asian trade, the dollar rose versus the safe haven yen on Friday as hopes of a breakthrough in the North Korean nuclear stand-off rose after US President Donald Trump showed willingness to accept an invitation to meet North Korean leader Kim Jong Un by May.
"Both the Nikkei and dollar/yen are rocketing higher on encouraging North Korea headlines and improving risk sentiment," Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore, said in a note.
The dollar was available against the Indian rupee at Rs 65.098, the greenback was trading versus the Malaysian ringgit at 3.912 and the US currency was at 6.344 in terms of the Chinese yuan.
OPEN MARKET RATES: The rupee maintained overnight levels in terms of the dollar for buying and selling at Rs 111.80 and Rs 112.10 respectively, they said.
The rupee sustained rising trend against the euro, picking up 75 paisas for buying and selling at Rs 136.50 and Rs 138.00 respectively, they added.
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Open Bid Rs.111.80
Open Offer Rs.112.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.110.55
Offer Rate Rs.110.56
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RUPEE IN LAHORE: The Pak rupee maintained divergent trend for the third consecutive day in relation to the US dollar in the local currency market on Friday.
The dollar continued moving both ways throughout the trading session amidst fluctuating demand and supply situation.
At the close, it was ended at 111.60 and Rs 111.90 for buying and selling, respectively, as compared to the overnight closing of Rs 111.50 and Rs 112.00 respectively, local currency dealers said.
Furthermore, the national currency showed strength as it recovered its earlier losses versus the pound sterling. Consequently, the pound's buying and selling rates further appreciated from Thursday's closing of Rs 153.50 and Rs 154.50 to Rs 153.00 and Rs 153.80 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 111.90 (buying) and Rs 112.00 (selling) against the same last rate. It closed at Rs 111.90 (buying) and Rs 112.00 (selling).
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