The rupee inched up against dollar on the currency market on Friday amid persisting demand for greenback, dealers said. The rupee picked up two paisa in relation to dollar for buying and selling at 90.75 and 90.77, dealers said.
INTERBANK MARKET: OPEN MARKET RATES: The rupee managed to hold it's week-long levels in terms of dollar for buying and selling at 90.90 and 91.10, they said. Versus euro the rupee, shed 23 paisa for buying and selling at Rs 119.76 and Rs 120.26, they added.
In the final Asian trade euro edged lower on profit-taking after Greece said 85.8 percent of private creditors had accepted its bond swap offer, moving closer to securing fresh funds needed to avoid a messy debt default.
The single currency dipped about 30 pips or so after the announcement to an intraday low near $1.3224 and last stood at $1.3241, down 0.3 percent from late US trade on Thursday.
The yuan ended up slightly versus dollar on Friday after the People's Bank of China allowed the yuan's mid-point to post its biggest daily climb in four months, providing more evidence that the central bank is willing to let the currency move in a wider range. Spot yuan closed at 6.3107 versus dollar, stronger than Thursday's close of 6.3165. The dollar versus the Indian rupee was at Rs 49.97 and against the Malaysian ringgit the greenback was trading at 3.0075, adds Reuters.
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Open Buying Rs 90.90
Open Selling Rs 91.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Buying Rs 90.75
Selling Rs.90.77
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RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged on buying side while it lost 10-paisa on selling side in relation to the greenback in the local currency market on Friday. According to the currency dealers, the dollar commenced trading at its day earlier closing of Rs 90.90 and Rs 91.10 as its buying and selling rate. Till the closing of trading, the dollar's buying rate remained unchanged at Rs 90.90 while its selling rate was improved to Rs 91.20.
The rupee also stayed unchanged on buying side while it appreciated its worth on selling side against the pound sterling. The pound was purchased and sold at Rs 143.00 and Rs 143.80 as compared to overnight closing of Rs 143.00 and Rs 144.00, respectively, the dealers said.
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 trading at Rs 91 (buying) and Rs 91.20 (selling) against same previous rate. It did not observe any further fluctuation in the evening session and closed at Rs 91 (buying) and Rs 91.20 (selling). Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).
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