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The rupee picked up eight paisas against the dollar on the money market on Friday in process of trading activity, dealers said.

INTER-BANK MARKET RATES: The rupee managed to gain 10 paisas in relation to the dollar for buying and selling at Rs 155.24 and Rs 155.25, they said.

OPEN MARKET RATES: The rupee did not move any side versus the dollar for buying and selling at Rs 155.40 and Rs 155.70, they said. The rupee was higher by 10 paisas against the euro for buying and selling at Rs 170.40 and Rs 172.00, they said.

In the final Asian trade, the dollar was headed on Friday for its highest weekly finish against the safe-haven yen since May, as data showing the US economy is on a firm footing had investors scaling back rate-cut bets.

Nerves persisted though, as other major currencies spent the week range-bound, navigating a blizzard of trade war headlines that offered few clues as to when or how a truce might be agreed between Washington and Beijing.

The dollar was available versus the Indian rupee at Rs 71.718, the greenback was at 4.171 in terms of the Malaysian ringgit and the US currency was trading at 7.033 against the Chinese yuan.

========================
Open Bid       Rs 155.40
Open Offer     Rs 155.70
========================

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

========================
Bid Rate       Rs 155.24
Offer Rate     Rs 155.25
========================

RUPEE IN LAHORE: The Pak rupee recovered its earlier losses versus the greenback and the British pound in the open currency market on Friday.

Following lack of buyers' interest in the market, the greenback could not hold its worth and ended lower for buying and selling at Rs 155.30 and Rs 155.65 against the overnight closing rate of Rs 155.45 and Rs 155.80 respectively, local currency dealers said.

Likewise, the local currency also followed the suit in relation to the pound sterling which was bought and sold at Rs 199.30 and Rs 200.40 against the Thursday's closing trend of Rs 200.00 and Rs 200.80 respectively, they added.

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

The dollar opened at Rs 155.75 (buying) and Rs 155.85 (selling) against last rate of Rs 155.80 (buying) and Rs 155.90 (selling).

It closed at Rs 155.75 (buying) and Rs 155.85 (selling).

The buying and selling rates of one tola of gold were Rs. 85,500 (selling) and Rs 85,200 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.

Copyright Business Recorder, 2019