THE RUPEE: Recovers more grounds

The rupee managed to shed more weaknesses against the dollar and euro on the money market on Friday in the process of trading, dealers said.

INTER-BANK MARKET RATES: RATES: The rupee picked more eight paisas versus the dollar for buying and selling at Rs 154.80 and Rs 154.82 respectively, they said.

OPEN MARKET RATES: The rupee maintained rising trend, gaining 30 paisas versus the dollar for buying and selling at Rs 155.00 and Rs 155.40 respectively, they said. The rupee also rose by 50 paisas in relation to the euro for buying and selling at Rs 171.50 and Rs 173.00, respectively, they said.

According to reports, the dollar fetched 109.57 yen in Asian trade, against 109.51 yen in New York late Thursday.

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Open Bid       Rs 155.00

Open Offer     Rs 155.40

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

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Bid Rate       Rs 154.80

Offer Rate     Rs 154.82

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RUPEE IN LAHORE: The Pak rupee maintained upward trend for the second consecutive day against the greenback and the British pound in the local currency market on Friday.

Amid lack of buyers' interest in the market, the greenback remained under selling pressure for another day and ended further lower for buying and selling at Rs 154.70 and Rs 155.25 against the overnight closing rate of Rs 155.20 and Rs 155.95 respectively, local currency dealers said.

Similarly, the local currency also observed the same pattern in relation to the pound sterling that was bought and sold at Rs 201.35 and Rs 202.30 against the Thursday's closing trend of Rs 201.60 and Rs 203.50 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 70paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.

The dollar opened at Rs 155.60(buying) and Rs 155.70(selling) against last rate of Rs 156.30(buying) and Rs 156.40(selling).

It closed at Rs 155.60(buying) and Rs 155.70(selling).

The buying and selling rates of one tola of gold were Rs 91,200 (selling) and Rs 91,000(buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.