THE RUPEE: firm trend

The rupee firmly held the present levels against the dollar on the local currency market on Friday in the process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee moved with little gains against the dollar, gaining more three-paisa for buying and selling at Rs 102.52 and Rs 102.55 respectively, they said.
OPEN MARKET RATES: The rupee did not move any side in relation to the dollar for buying and selling at Rs 102.20 and Rs 102.40 respectively, while it lost 25-paisa versus the euro for buying and selling at Rs 128.75 and Rs 129.00 respectively, they said.
In the final Asian trade, the dollar rebounded against the yen from steep losses overnight while investors awaited US non-farm payrolls data later in the day for further relief.
The dollar had fallen from six-year highs as a slide in global equities had driven US Treasury yields lower and increased demand for the safe-haven yen.
The dollar was trading against the Indian rupee at Rs 61.61, the greenback was at 3.2450 in terms of the Malaysian ringgit and the US currency was available at 6.139 versus the Chinese yuan.

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Open Bid       Rs 102.20

Open Offer     Rs 102.40

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.

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Bid Rate       Rs 102.52

Offer Rate     Rs 102.55

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RUPEE IN LAHORE: The Pak rupee failed to maintain its position and lost 10-paisa in relation to the greenback on the local currency market on Friday.
According to the currency dealers, the dollar was opened on a healthy note and registered gain following fresh buying. At close of trading, the dollar was ended higher at Rs 102.25 and Rs 102.50 as its buying and selling rates against Rs 102.15 and Rs 102.40 of, Thursday, respectively.
On the contrary, the rupee showed strength and was improved against the pound sterling. Because of selling pressure, the pound was slide down from overnight closing of Rs 166.25 and Rs 166.50 to Rs 165.25 and Rs 165.50, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against.
Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).
Copyright Business Recorder, 2014