The rupee gave up weakness, holding the overnight level against the dollar on the money market on Friday in the process of trading dealers said. The rupee managed to keep the last levels against the dollar for buying and selling at Rs 105.40 and Rs 105.41 respectively, they said.
INTER-BANK MARKET RATES: In the final Asian trade, the yen held steady against the dollar, having risen earlier as North Korea fired a missile over Japan into the Pacific Ocean, rekindling investor concerns over geopolitical risks.
In early trade, the dollar slid from around 110.25 yen to as low as 109.55 yen shortly after reports of North Korea's missile launch.
The dollar later pared its losses, however, and was last trading at 110.19 yen, little changed from late US trade on Thursday.
Japan is the world's largest net creditor nation, and at times of uncertainty traders assume Japanese repatriation of overseas funds will eclipse foreign investors' selling of Japanese assets.
As a result, the yen has continued to operate as a safe-haven currency despite Japan's geographical proximity to North Korea.
The dollar war available against the Indian rupee at Rs 64.09, the greenback was at 4.190 in terms of the Malaysian ringgit and the US currency was at 6.550 versus the Chinese yuan.
OPEN MARKET RATES: The rupee firmly held the overnight levels in relation to the dollar for buying and selling at Rs 105.70 and Rs 105.90 respectively, they said.
The rupee, however, lost 80 paisas in terms of the euro for buying and selling at Rs 125.30 Rs 126.70 respectively, they said.
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Open Bid Rs.105.70
Open Offer Rs.105.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.105.40
Offer Rate Rs.105.41
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RUPEE IN LAHORE: The Pak rupee depreciated on buying side whereas it remained unchanged on selling side versus the US dollar in the local currency market on Friday.
According to the currency dealers, the US dollar resumed trading on its overnight closing trend of Rs 105.70 and Rs 106.10 as its buying and selling rates, respectively. At the close, it further appreciated by 10-paisa on buying counter and ended at Rs 105.80.
However, no change in its value took place on selling counter as it maintained its opening trend of Rs 106.10, they added.
Moreover, the local currency remained under pressure for the fifth consecutive day against the pound sterling.
The pound's buying and selling rates further went up from Thursday's closing of Rs 139.37 and Rs 139.80 to Rs 141.70 and Rs 143.00 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the remained uncharged at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against same last rate. It closed at the same levels in evening session.
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