THE RUPEE: little changes

The rupee moved with slight fluctuations against the dollar on the money market on Friday, dealers said. The rupee shed two-paisa versus the dollar for buying and selling at Rs 101.84 and Rs 101.85 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not move any side in relation to the dollar for buying at Rs 103.00 while it inched up by five-paisa for selling at Rs 103.20. It gained 70 paisa versus the euro for buying and selling at Rs 111.50 and Rs 112.50, they said.
In the final Asian trade, the euro hovered near one-week highs against the dollar early as relief from Greece taking another step towards a bailout prompted bouts of short-covering, while lower US debt yields put the greenback on the defensive versus the yen.
The euro stood steady at $1.0986 and within close range of a one-week high of $1.1018 struck overnight. The common currency was lifted after the Greek parliament approved a second set of reforms required to start negotiations with lenders in a bid to avoid bankruptcy. The dollar was trading against the Indian rupee at Rs 63.96, the greenback was available at 3.8060 versus the Malaysian ringgit and the US currency was at 6.209 in terms of the Chinese yuan.

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

Open Bid       Rs 103.00

Open Offer     Rs.103.20

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

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

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

Bid Rate       Rs.101.84

Offer Rate     Rs.101.85

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

RUPEE IN LAHORE: The rupee recovered some of its earlier losses by gaining 20-paisa on Friday. The dollar resumed trading on a depressed note and remained under pressure and ended lower at Rs 103.05 and Rs 103.30 as its buying and selling rate against Rs 103.25 and Rs 103.50 of Thursday, respectively. The rupee staged recovery and improved against the pound sterling, which was traded at Rs 159.60 and Rs 160.30 on buying and selling counter compared with the day earlier closing of Rs 159.80 and Rs 160.50, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 102 (buying) and Rs 102.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 102 (buying) and Rs 102.20 (selling). Pound Sterling opened at Rs 157 (buying) and Rs 157.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 157 (buying) and Rs 157.50 (selling).
Copyright Business Recorder, 2015