The dollar maintained upward trend versus the rupee on the back of rising demand on Friday, dealers said. The rupee gave up overnight gains in terms of the dollar, shedding three paisas for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
INTERBANK MARKET RATES: In the final Asian trade, the dollar rose to an 8-month high against the yen as US bond yields resumed their rise in Asia after the Thanksgiving break shut markets in the United States.
The dollar was up 0.3 percent at 113.710 yen after hitting an 8-month high of 113.900 yen. It was on track to rise 2.5 percent on the week. The euro nudged up 0.1 percent to $1.0558 to put a bit of distance between $1.0518, its lowest since March hit in the previous day. The common currency was poised for a 0.3 percent weekly loss. The dollar was available at Rs 68.45 against the Indian rupee, the US currency was at 4.4600 in terms of the Malaysian ringgit and the greenback was at 6.9145 in relation to the Chinese yuan.
OPEN MARKET RATES: The rupee continued decline against the dollar, losing 20 paisas against the greenback for buying and selling at Rs 107.00 and Rs 107.20 respectively, they said. The rupee adopted the same pattern in relation to the euro for buying and selling at Rs 114.00 and Rs 115.50 respectively, they said.
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Open Bid Rs.107.00
Open Offer Rs.107.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.104.84
Offer Rate Rs.104.85
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RUPEE IN LAHORE: The rupee failed to hold its strength as it drastically declined against the major currencies including the American dollar and British pound in the local currency market on Friday.
According to the currency dealers, the trading of the US resumed on a positive note and kept moving up during the day's trading session. Following the buyers' interest, the dollar ended higher at Rs 107.20 and Rs 107.20 on buying and selling sides, respectively, as compared to day earlier closing rates of Rs 107.00 and Rs 107.20, respectively, they added.
Against the pound sterling, the local currency followed the same suit for the second consecutive day. The pound's buying and selling rates further drifted from the Thursday's closing rates of Rs 133.10 and Rs 134.00 to Rs 133.50 and Rs 134.30, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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