The rupee sustained rising trend against the dollar on the money market on Friday in process of trading activity, dealers said.
INTER-BANK MARKET RATES: RATES: The rupee rose by nearly 10 paisas versus the dollar for buying and selling at Rs 154.55 and Rs 154.60, they said.
OPEN MARKET RATES: The rupee picked up 10 paisas in relation to the dollar for buying and selling at Rs 154.50 and Rs 154.80, they said. The rupee also gained 80 in terms of the euro for buying and selling at Rs 171.80 and Rs 172.70, they said.
In the final Asian trade, the dollar gained on Friday as US data suggested the world's largest economy maintained a moderate growth pace at the end of 2019, reaching an eight-month peak against the safe-haven yen.
US retail sales increased for a third straight month in December and the number of Americans filing claims for unemployment benefits dropped for a fifth straight week last week, indicating the labour market remained strong.
The dollar index, which tracks the greenback's strength against a basket of six major currencies, last stood at 97.308, up 0.1% on the day. The euro barely moved at $1.1137.
The dollar was trading against the Indian rupee at Rs 71.005, the greenback was at 4.061 versus the Malaysian ringgit and the US currency was available at 6.870 in terms of the Chinese yuan.
========================
Open Bid Rs 154.50
Open Offer Rs 154.80
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
========================
Bid Rate Rs 154.55
Offer Rate Rs 154.60
========================
RUPEE IN LAHORE: The Pak rupee maintained upward journey for the second consecutive day against the greenback in the open currency market on Friday.
Following lack of buyers' interest in the market for another day, the greenback remained under selling pressure throughout the trading session and ended further lower for buying and selling at Rs 154.50 and Rs 154.85 against the overnight closing rate of Rs 154.60 and Rs 154.95 respectively, local currency dealers said.
Besides, the national currency witnessed volatile trend for the second consecutive day versus the pound sterling. Consequently, the British currency was bought and sold at Rs 200.25 and Rs 202.20 against the Thursday's closing rate of Rs 200.70 and Rs 201.70 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 5paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 155.15 (buying) and Rs 155.20 (selling) against last rate of Rs 155.20 (buying) and Rs 155.25 (selling).
It closed at Rs 155.15 (buying) and Rs 155.20 (selling).
The buying and selling rates of one tola of gold were Rs 90,100(selling) and Rs 90,000(buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.
Comments
Comments are closed.