The dollar after a little pause, came back to recover some lost ground against the rupee on the money market on Friday in the process of trading, marketmen said.
INTER-BANK MARKET RATES: The rupee lost 40 paisas versus the dollar for buying and selling at Rs 156.80 and Rs 157.00 respectively, dealers said.
OPEN MARKET RATES: The rupee did not show any change against the dollar for buying and selling at Rs 156.00 and Rs 157.00 respectively, they said. The rupee shed rupee one in relation to the euro for buying and selling at Rs 175.50 and Rs 179.00 respectively, they said.
In the final Asian trade, the dollar was steady on Friday as traders held off on making big bets ahead of the closely-watched US non-farm jobs report that could influence the course of near-term Federal Reserve policy.
The dollar index against a basket of six major currencies stood little changed 96.754, having spent the previous day in a tight range as the US financial markets were closed for the Independence Day holiday.
The index had fallen to a three-month trough of 95.843 last week as US Treasury yield slumped to 2-1/2-year lows on expectations the Fed would cut interest rates this year, starting as early as this month.
The euro was steady at $1.1283 and headed for a weekly loss of 0.75%. A drop in euro zone government bond yields to record lows this week, in sympathy with the global debt rally, has weighed on the single currency.
The dollar was available against the Indian rupee at Rs 68.680, the greenback was at 4.134 versus the Malaysian ringgit and the US currency was trading against the Chinese yuan at 6.877.



========================
Open Bid Rs.156.00
Open Offer Rs.157.00
========================

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



========================
Bid Rate Rs.156.80
Offer Rate Rs.157.00
========================

RUPEE IN LAHORE: The Pak rupee failed to keep overnight levels as it depreciated its worth versus the major foreign currencies including the US dollar and the British pound in the local currency market on Friday.
According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 156.00 and Rs 156.80 against the opening trend of Rs 154.60 and Rs 156.00 respectively.
Likewise, the local currency also followed the suit in relation to the pound sterling. The pound's buying and selling rates rose from the Thursday's closing of Rs 195.00 and Rs 196.40 to Rs 195.50 and Rs 197.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 25 paisa against the rupee at the local currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 157.75 (buying) and Rs 157.85 (selling) against last rate of Rs 157.50 (buying) and Rs 157.60 (selling).
It closed at Rs 157.75 (buying) and Rs 157.85 (selling).
The buying and selling rates of one tola of gold was Rs 77,700 (selling) and Rs 77,000 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.
Copyright Business Recorder, 2019

Comments

Comments are closed.