THE RUPEE: little movement

The rupee almost managed to hold the overnight levels against the dollar on the money market on Friday, dealers said.
INTER-BANK MARKET RATES: The rupee inched up by two-paisa against the dollar for buying at Rs 104.91 and it rose by one-paisa for selling at Rs 104.93, they said.
OPEN MARKET RATES: The rupee retained the overnight level versus the dollar for buying at Rs 106.10 while it lost 10-paisa for selling at Rs 106.30, they added.
The rupee, however, gained in relation to the euro, picking up 20-paisa for buying and selling at Rs 115.80 and Rs 116.80, they added.
In the final Asian trade, the dollar edged down in Asian trade, erasing its early gains as slumping crude oil futures and Chinese shares eroded investors' appetite for risk, though it remained well above the week's lows and on track to end a volatile week modestly higher.
The greenback was about 0.1 percent lower against the Japanese currency at 117.91 yen, but still up about 0.4 for the week and holding above a four-month trough of 116.70 plumbed on Monday.
The dollar was trading against the Indian rupee at Rs 67.40, the greenback was at 4.3750 versus the Malaysian ringgit and the US currency was at 6.5867 in relation to the Chinese yuan.

========================

Open Bid       Rs 106.10

Open Offer     Rs 106.30

========================

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

========================

Bid Rate       Rs 104.91

Offer Rate     Rs 104.93

========================

RUPEE IN LAHORE: The rupee-dollar parity remained stagnant amid sluggish trading on Friday.
The dollar did hardly see any change in its demand and supply that helped the rupee stability and was traded at its day earlier closing of Rs 106.10 and Rs 106.30 as its buying and selling.
But the rupee did fail to go up against the British pound, whose buying and selling rates improved from the Friday closing of Rs 153.50 and Rs 154.50 to Rs 153.75 and Rs 154.70.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
Copyright Business Recorder, 2016