On the back of a strong demand, the dollar climbed over the rupee in the local currency market on Friday, dealers said.
INTER-BANK MARKET RATES: The rupee was lower by 15 paisa against the dollar for buying and it lost 17 paisa for selling at Rs 100.80, they said.
OPEN MARKET RATES: The rupee followed same pattern, losing 25 paisa in relation to the dollar for buying and selling at Rs 100.70 and Rs 100.90, they said. The rupee also shed 50 paisa against the euro for buying and selling at Rs 122.50 and Rs 122.75, they said.
In the final Asian trade, the dollar edged up against the yen on Friday in light bargain-hunting following two sessions of losses, with some markets slowly getting into gear after the Christmas holiday.
After a dip to 120.005 yen the dollar was up 0.1 percent at 120.170 yen, crawling back towards the week’s high of 120.800 hit on Tuesday.
A break above that peak would put the greenback in sight of a 7-1/2 year high of 121.860 scaled earlier in the month.
Open Bid Rs 100.70
Open Offer Rs 100.90
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs 100.15
Offer Rate Rs 100.80
RUPEE IN LAHORE: The Pak rupee remained under pressure against the US dollar on the local currency market on Friday.
According to the currency dealers, the dollar resumed trading on a healthy note and registered fresh gain following buyers’ interest. At close, the dollar was ended higher at Rs 100.50 and Rs 100.75 as its buying and selling rate against Rs 100.40 and Rs 100.65 of last Wednesday, respectively, the dealers said.
Likewise, the rupee failed to maintain rising trend and was depreciated against the pound sterling.
The pound’s buying and selling rates were improved from previous closing of Rs 155.75 and Rs 156.00 to Rs 156.00 and Rs 156.25, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 101.30 (buying) and Rs 101.40 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101.30 (buying) and Rs 101.40 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 159 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 159 (selling).