THE RUPEE: mixed patterns

The rupee almost managed to hold the overnight levels against the dollar on the money market in the process of trading, dealers said.
INTERBANK MARKET RATES: The rupee gained three-paisa in terms of the dollar for buying and selling at Rs 101.70 and Rs 101.71 respectively, they said.
OPEN MARKET RATES: The rupee managed to hold the overnight levels against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively, however it lost Rs 1.35 versus the euro for buying and selling at Rs 114.10 and Rs 115.10, respectively, they said.
In the final Asian trade, the euro firmed on Friday, while the safe-haven yen slipped as risk appetite warmed a touch on an extended rebound in Chinese shares and signs that Greece was making some progress in its efforts to secure fresh funding.
The common currency climbed 1.1 percent against the yen to 135.28 and put on 0.5 percent to $1.1094 as Athens took a step forward by sending a package of reform proposals to its euro zone creditors. The greenback was trading against the Indian rupee at Rs 63.41, the US currency was available at 3.7860 in terms of the Malaysian ringgit and the dollar was at 6.2084 versus the Chinese yuan.

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Open Bid       Rs 102.80

Open Offer     Rs.103.00

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

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Bid Rate       Rs.101.70

Offer Rate     Rs.101.71

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RUPEE IN LAHORE: The Pak rupee depreciated its worth in relation to the foreign currencies at the open currency markets of Lahore on Friday.
According to the currency dealers, the greenback opened at Rs 102.65 (buying) and Rs 102.75 (selling) against Rs 102.60 and Rs 102.85 of Thursday. The greenback improved its worth and was closed at Rs 102.90 and Rs 103.30 on buying and selling counters, respectively.
Likewise, the British pound appreciated its worth against the local currency. The pound was purchased and sold at Rs 158.00 and Rs 159.00 against Rs 156.75 and Rs 157.50 of Thursday.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Friday. The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling). Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).
Copyright Business Recorder, 2015