THE RUPEE: marginal change

The rupee moved cautiously against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed two-paisa in terms of the dollar for buying and selling at Rs 101.81 and Rs 101.82 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight levels against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively, but it dropped by 50-paisa versus the euro for buying and selling at Rs 112.00 and Rs 113.00 respectively, they said.
In the final Asian trade, the dollar steadied against the euro and yen after a week of gains as the market braced for US non-farm payrolls data that could spur the Federal Reserve to raise interest rates in September.
The euro treaded water at $1.0915 after edging further away from a two-week trough of $1.0847 plumbed mid-week. The common currency has lost 0.6 percent versus the dollar this week. The dollar was trading against the Indian rupee at Rs 63.77, the greenback was available at 3.9140 versus the Malaysian ringgit and the US currency was at 6.209 in terms of the Chinese yuan.

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BID            Rs 102.80

Offer          Rs 103.00

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

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Bid            Rs 101.81

Offer          Rs 101.82

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RUPEE IN LAHORE: The dollar showed weakness against the Pak rupee at the currency markets of Lahore on Friday.
According to currency dealers, the greenback opened at Rs 103.05 (buying) and Rs 103.35 (selling) against Rs 103.00 and Rs 103.30 on Thursday. In the absence of buying activity, the greenback lost its worth and was closed at Rs 102.80 and Rs 103.25 on buying and selling counters, respectively. However, some of the dealers quoted buying and selling rates of the dollar as Rs 102.85 and Rs 103.30.
On the other hand, the British pound was purchased and sold at Rs 158.80 and Rs 159.80 as against Rs 159.25 and Rs 159.75 on Thursday.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee on 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