A Marginal change was witnessed on the money market on Friday as the rupee did not move sharply versus the dollar in process of trading, dealers said. The rupee inched up by two paisa against the dollar for buying and selling at Rs 105.38 and Rs 105.40, dealers said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee was unchanged versus the dollar for buying and selling at Rs 105.75 and Rs 105.85, they said. While, the rupee shed 30 paisa in terms of the euro for buying and selling at Rs 143.80 and Rs 144.05, respectively, they said.
In the final Asian trade, the dollar edged lower in a quiet Asian session on Friday, as most investors looked ahead to the latest non-farm payrolls report for clues on the health of the US labour market and the broader economy. After the recent rout in emerging markets sparked large moves, a semblance of calm characterized Friday’s trading before the next big test. The dollar was trading against the Indian rupee at Rs 62.37, the US currency was at 3.3275 in terms of the Malaysian ringgit and the greenback was at 6.063 against the Chinese yuan.
Open Bid Rs 105.75
Open Offer Rs 105.85
INTERBANK CLOSING RATES FOR DOLLAR ON FRIDAY:
Bid Rate Rs 105.38
Offer Rate Rs 105.40
RUPEE IN LAHORE: The Pak rupee remained stable in relation to the greenback at the open currency markets of Lahore on Friday.
The dollar resumed trading at Rs 106.30 (buying) and Rs 107.00 (selling) against Rs 106.50 and Rs 107.00 of Thursday. In the wake of lacklustre trend at the local kerb, the greenback depreciated its worth in relation to the local currency and was closed at Rs 105.80 and Rs 106.50 on buying and selling counters, respectively.
Likewise, the local currency further improved its worth against the British pound. Pound Sterling was purchased and sold at Rs 173.50 and Rs 174.00 as against Rs 174.00 and Rs 175.00 on Thursday.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 106 (buying) and Rs 106.25 (selling) against last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.25 (selling).
Pound Sterling opened at Rs 173 (buying) and Rs 173.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.
Source: Business Recorder