The rupee improved slightly versus the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed one paisa in relation to the greenback for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
INTERBANK MARKET RATES: In the fifth Asian trade, the dollar eased from a 9-1/2 month high against the yen on Friday, with investors cautious ahead of a looming US jobs report that could set the market's tone in coming days.
The greenback was poised to end lower against a basket of currencies this week during which it gave up some of its recent robust gains. The dollar index sagged 0.2 percent to 100.86, and was down 0.6 percent for the week. The dollar index had hit a 13-1/2-year high of 102.05 last week, having rallied as US bond yields surged on expectations of higher fiscal spending and a faster pace of Fed monetary tightening under President-elect Donald Trump.
The dollar was trading against the Indian rupee at Rs 68.35, the greenback was at 4.4430 in terms of the Malaysian ringgit and the US currency was at 6.8839 versus the Chinese yuan.
OPEN MARKET RATES: The rupee picked up 10 paisas in term of the greenback for buying and selling at Rs 107.40 and Rs 107.70 respectively, dealers said. While, the local currency did not move any side against the euro for buying and selling at Rs 113.75 and Rs 115.25 respectively, they said.
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Open Bid Rs.107.40
Open Offer Rs.107.70
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.104.83
Offer Rate Rs.104.84
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RUPEE IN LAHORE: The Pakistani rupee remained strong for the second consecutive day against the greenback in the local currency market on Friday.
According to currency dealers, the greenback resumed trading on a depressed note and kept moving down amidst lacking of buyers' interest in the market. At the close, the greenback ended lower at Rs 106.80 and Rs 107.40 on buying and selling sides, respectively, as compared to day earlier closing rates of Rs 107.20 and Rs 108.20, respectively, they added.
On the other hand, the local currency remained under pressure for the third consecutive day as it further lost its worth by 10-paisa against the pound sterling. The pound's buying and selling rates further drifted from Thursday's closing rates of Rs 134.00 and Rs 135.00 to Rs 134.10 and Rs 135.10, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at currency exchange establishments of Islamabad and Rawalpindi here on Friday.
The dollar resumed trading at Rs 108 (buying) and Rs 108.10 (selling) against same overnight value. It did not observe further change in evening session and closed at Rs 108 (buying) and Rs 108.10 (selling).
Pound Sterling opened at Rs 136 (buying) and Rs 136.10 (selling). It did not observe further change in the second session and closed at Rs 136 (buying) and Rs 136.10 (selling).
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