No major changes were seen on the money market on Friday as the rupee almost held the present levels in terms of the dollar in the process of trading, dealers said. The rupee managed to gain two paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80 respectively.
INTER-BANK MARKET RATES: In the final Asian trade, the dollar was buoyant, rising to a 1-1/2-week high versus the yen, on comments by US President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.
The dollar was knocked back against the euro and yen this month as Trump focused on protectionist trade policies and appeared to back a weaker dollar since taking office. The euro was little changed at $1.0666 after losing 0.4 percent the previous day. The common currency was on track to shed more than 1 percent on the week, during which it was dogged by perceived political risks facing the euro zone.
The dollar was trading against the Indian rupee at Rs 66.93, the greenback was at 4.4440 in terms of the Malaysian ringgit and the US currency at 6.8779 versus the Chinese yuan.
OPEN MARKET RATES: The rupee did not move any side versus the dollar for buying at Rs 107.20 and it picked up 40 paisas for selling and Rs 107.40, they said. The rupee inched up in terms of the euro, rising more five paisas for buying and selling at Rs 114.20 and Rs 115.70 respectively, they said.
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Open Bid Rs.107.20
Open Offer Rs.107.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.104.78
Offer Rate Rs.104.80
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RUPEE IN LAHORE: The Pak rupee failed to sustain it's versus the US dollar in the local currency market here on Friday.
According to currency dealers, the US dollar resumed trading on a positive note amidst lack of buyers' interest in the market.
At the close, it rose to Rs 107.20 and Rs 107.50 on buying and selling counters, respectively, as compared to the overnight closing rates of Rs 107.00 and Rs 107.40, respectively, they added.
Moreover, the local currency showed mixed patterns as it moved both ways against the pound sterling for another day.
The British currency was bought and sold at Rs 133.50 and Rs 134.30 against the Thursday's closing rates of Rs 133.70 and Rs 134.00, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained strength against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 108.10 (buying) and Rs 108.20 (selling) against the rupee and the greenback closed at Rs 108.10 (buying) and Rs 108.20 (selling).
Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at Rs 130 (buying) and Rs 131.50 (selling).
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