THE RUPEE: all-round decline

Bears dominated the money market on Friday as the rupee slipped versus dollar and euro in process of trading, dealers said. The rupee shed two paisa in relation to dollar for buying 90.40 and lost five paisa for selling at 90.45, they said.
INTERBANK MARKET: OPEN MARKET RATES: The rupee inched down by five paisa in relation to dollar for buying and selling at 90.40 and 90.60, they said. The rupee also depreciated by 20 paisa against euro for buying and selling at Rs 118.60 and Rs 119.60, they said.
In the final Asian trade euro and the Australian dollar struggled to make much headway in Asia on Friday as a dip in Chinese non-manufacturing data weighed on sentiment ahead of a key jobs report in the United States. The dollar was trading versus the Indian rupee at Rs 48.92, in terms of Malaysian ringgit, the greenback of at 3.0145 and the US currency was at 6.304 against the Chinese yuan, adds Reuters.

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Open Buying     Rs 90.40

Open Selling    Rs 90.60

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

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Buying          Rs 90.40

Selling         Rs 90.45

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RUPEE IN LAHORE: The rupee recovered 10 paisa on buying side while remaining unchanged on selling side against dollar in Lahore currency market on Friday.
According to dealers, the dollar resumed trading at overnight Rs 90.50 and Rs 90.70 as buying and selling rates, respectively. At the end of trading, it closed at Rs 90.40 on buying side while its selling rate remained intact at Rs 90.70.
Pound sterling was bought and sold at Rs 142.30 and Rs 143.30, respectively, against Thursday's Rs 142.40 and Rs 142.90, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 90 (buying) and Rs 90.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 90 (buying) and Rs 90.20 (selling).
Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).
Copyright Business Recorder, 2012