The rupee stayed put against the dollar for the second day on Friday in the process of trading, dealers said. The rupee retained its levels in relation to the dollar for buying and selling at Rs 104.80 and Rs 104.82 respectively, they said.
INTER-BANK MARKET RATES: In the final Asian trade, dollar crawled as the dust settled from its tumble overnight to a three-week low, although gains were limited ahead of the US non-farm payrolls due out later in the session. The dollar index against a basket of major currencies was up 0.1 percent at 101.610 after dropping overnight to as low as 101.300, its lowest since December 14. It was on track to lose about 0.8 percent on the week.
The index, which had set a 14-year high of 103.820 just three days ago on a seeming resumption of the dollar-bullish 'Trump trade', was weakened overnight by lacklustre US employment data. The US currency was also hit by a surge in the Chinese yuan, which some traders suspect was orchestrated by China to shake out large short positions against the currency.
The dollar was trading against the Indian rupee at Rs 67.97, the greenback was at 4.4730 in terms of the Malaysian ringgit and the US currency was available at 6.9399 versus the Chinese yuan.
OPEN MARKET RATES: The rupee sustained overnight levels versus the dollar for buying and selling at Rs 108.30 and Rs 108.50 respectively, they said. The rupee, however, went up in terms of the euro, picking up Rs 1.5 for buying at Rs 113.75 and it also gained 55 paisas for selling at Rs 115.25, they said.
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Open Bid Rs.108.30
Open Offer Rs.108.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.104.80
Offer Rate Rs.104.82
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RUPEE IN LAHORE: The local currency appreciated by 30-paisa on buying side while it was unchanged on selling side against the US dollar in the local currency market here on Friday.
According to currency dealers, the US dollar resumed trading on its overnight closing of Rs 108.30 and Rs 108.70 as its buying and selling rates, respectively. Due to selling pressure, it lost its worth to Rs 108.00 on buying counter. However, it did not witness any change in its selling rate which prevailed till close of trading at Rs 108.70 on selling counter, respectively, they added.
Moreover, the Pakistani rupee remained unchanged on buying side it, however, it drastically registered reduction on selling side versus the pound sterling. The British currency was bought and sold at Rs 132.00 and Rs 134.40 against the Thursday's closing rates of Rs 132.00 and Rs 132.50, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar against the rupee remained unchanged at currency exchange establishments of Islamabad and Rawalpindi here on Friday.
The dollar was unchanged against the rupee at Rs 108 (buying) and Rs 108.50 (selling). It did not observe any change in evening session and closed at the same rate.
Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 135 (buying) and Rs 135.10 (selling).
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