Modest recovery was seen versus the dollar on the money market on Friday in process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee picked up seven paisa in relation to the dollar for buying and selling at Rs 101.86 and Rs 101.88, respectively, they said.
OPEN MARKET RATES: The rupee held the last levels versus the dollar for buying and selling at Rs 102.40 and Rs 102.60, the said.
The rupee appreciated by Rs 1.05 against the euro for buying and selling at Rs 108.75 and Rs 109.00, they said
In the final Asian trade, the dollar held firm against other currencies, after an upbeat US jobs report added to the chances the Federal Reserve will increase interest rates as global peers stick to easy money policies.
The greenback was at 120.57 yen in Tokyo trade compared with 120.59 yen in New York late Thursday but well up from 120.28 yen in Tokyo earlier Thursday.
The US Labour Department reported Thursday that the number of first-time unemployment claims filed in the past four weeks had fallen to a nearly 15-year low, suggesting a stronger labour market.
Open Bid Rs 102.40
Open Offer Rs 102.60
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
Bid Rate Rs 101.86
Offer Rate Rs 101.88
RUPEE IN LAHORE: The rupee stabilised against the dollar amid a downbeat activity on the local currency market on Friday.
Currency dealers said the dollar resumed trading at its day earlier closing of Rs 102.60 and Rs 102.85 as its buying and selling rate but was static in its demand and supply throughout the day, prompting opening rates to drag on till the closure of trading.
On the other side, the rupee remained stronger and more valuable than the pound sterling which was traded at Rs 150.50 and Rs 150.75 on the buying and selling counter compared with the Thursday closing of Rs 151.40 and Rs 151.65.
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 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not show any change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).