The dollar maintained its supremacy against the rupee on the currency market on Friday amid persisting demand for greenback, money experts said.
INTER-BANK MARKET: The rupee extended its fall against dollar, losing five paisa for buying and selling at 94.35 and 94.40, they said.
OPEN MARKET RATES: The rupee followed same patter in terms of dollar, losing 35 paisa for buying and selling at Rs 95.10 and 95.30, respectively, they said.
The rupee, however, managed to gain 20 paisa against euro for buying and selling at 116.00 and Rs 117.00, they said.
In the final Asian trade, the euro hovered near a two-year low after Moody's cut Italy's credit rating, while the Australian dollar rose as China's second-quarter growth met expectations.
The Australian dollar rose 0.2 percent to $1.0166, boosted by data showing that China's economy grew 7.6 percent in the second quarter from a year earlier.
The dollar was available versus the Indian rupee at 55.63, the greenback was trading in relation to the Malaysian ringgit at 3.1890 and the US currency was at 6.3793 yuans per dollar.
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Open Buying Rs 94.35
Open Selling Rs 94.40
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Open Market Rates: Inter-Bank Market for Dollar on Friday.
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Buying Rs 95.10
Selling Rs 95.30
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RUPEE IN LAHORE: The Pak rupee maintained downward slide and further lost 30-paisa on buying side and 20-paisa on selling side against the US dollar in the local currency market on Friday.
According to the currency dealers, the dollar's demand remained intact for the second day that kept the local currency under pressure. At the end of trading, the dollar was closed at Rs 95.10 and Rs 95.40 as its buying and selling rates against the overnight closing of Rs 94.80 and Rs 95.20, respectively, the dealers said.
However, the rupee-pound sterling parity remained unchanged amid sluggish trading trend. The pound was purchased and sold at Thursday's closing rates of Rs 146.50 and Rs 147.50 on buying and selling sides, respectively, they added.
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