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The rupee depicted mixed patterns against the dollar on the local money market on Friday in the process of trading activity, dealers said.

INTER-BANK MARKET RATES: The rupee shed five paisas in terms of the dollar for buying and selling at Rs 155.90 and Rs 155.94 respectively, dealers said.

OPEN MARKET RATES: The rupee was unchanged in relation to the dollar for buying and selling at Rs 155.70 and Rs 156.20 respectively, while it fell sharply versus the euro for buying and selling at Rs 172.80 and Rs 174.80 respectively, they added.

In the final Asian trade, the pound traded near a five-month high against the dollar and the euro after Britain's prime minister Boris Johnson and European Union leaders agreed a new deal for Britain to exit the bloc.

The yuan held steady against the dollar after data showed China's economy grew at the weakest pace in more than 27 years in the third quarter due to a costly trade war with the United States and weak factory production.

Sterling's gains on the dollar helped push the greenback to a five-month low versus the euro and a three-week low against the Swiss franc.

Initial relief at securing the long-awaited Brexit deal could be brief, however, because the prime minister still needs to sell the agreement to sceptical lawmakers when parliament sits on Saturday.

The dollar was trading against the Indian rupee at Rs 71.208, the greenback was available at 4.182 versus the Malaysian ringgit and the US currency was at 7.078 in relation to the Chinese yuan.

========================
Open Bid       Rs.155.70
Open Offer     Rs.156.20
========================

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

========================
Bid Rate       Rs.155.90
Offer Rate     Rs.155.94
========================

RUPEE IN LAHORE: The Pak rupee marginally improved and gained 10-paisa on buying side and 5-paisa on selling side in relation to the greenback in the local currency market on Friday.

According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 155.90 and Rs 156.25 as its buying and selling rate, respectively. However, due to lack of buyers' interest, the dollar could not sustain and declined to Rs 155.80 and Rs 156.20 on buying and selling side, respectively. However, the rupee showed strength on buying side but depreciated on the selling side against the pound sterling. The pound was purchased and sold at Rs 199.00 and Rs 201.50 as compared to day earlier closing of Rs 199.80 and Rs 201.00, respectively, the dealers said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee recovered 25 paisas against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.

The dollar opened at Rs 156.20(buying) and Rs 156.30(selling) against last rate of Rs 156.45 (buying) and Rs 156.55 (selling).

It closed at Rs 156.20 (buying) and Rs 156.30 (selling).

The buying and selling rates of one tola of gold were Rs. 87,100 (selling) and Rs 87,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.

Copyright Business Recorder, 2019