THE RUPEE: firm trend

The rupee managed to hold present levels against the dollar on the money market on Friday, they said. The rupee almost unchanged versus the dollar for buying and selling at Rs 101.88 and Rs 101.90 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee picked up five-paisa in terms of the dollar for buying at Rs 102.65 and it did not move any side for selling at Rs 102.90, they said, adding it also rose by one rupee in relation to the euro for buying and selling at Rs 115.00 and Rs 116.00 respectively.
In the final Asian trade, the euro pulled away from a more than two-week high against the dollar on Friday after German yields came off recent highs and investors fretted over Greece's debt crisis as they awaited the US non-farm payrolls report later in the session.
The euro slipped about 0.2 percent on the day to $1.1217, after the yield on German 10-year Bunds fell back to 0.83 percent from its session peak of about 1 percent, its highest level since late September 2014. The dollar was trading against the Indian rupee at Rs 63.90, the greenback was at 3.7130 in terms of the Malaysian ringgit and the US currency was at 6.2077 versus the Chinese yuan.

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Open Bid       Rs.102.65

Open Offer     Rs.102.90

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

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Bid Rate       Rs.101.88

Offer Rate     Rs.101.90

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RUPEE IN LAHORE: The rupee showed strength against the pound sterling on the local currency market on Friday. The rupee remained weak and lost 20 paisas on buying side while it gained 35 paisas on selling side at Rs 102.90 and Rs 103.10 for a dollar against Rs 102.70 and Rs 103.45 of Thursday, respectively.
It staged recovery and appreciated against the pound sterling which was traded at Rs 156.65 and Rs 157.20 on buying and selling side compared with the day earlier closing of Rs 157.50 and Rs 158.50.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling). Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).
Copyright Business Recorder, 2015