Firmness prevailed on the money market on Friday as the rupee held overnight levels at the first trading session of 2016, dealers said. The rupee retained its levels for the third day at Rs 105.90 and Rs 106.10 for buying and selling respectively, they added.
OPEN MARKET RATES: The rupee picked up 40-paisa in relation to the euro for buying and selling at Rs 115.00 and Rs 116.00 respectively, they added. In the US market, the dollar ended 2015 with a more than 9 percent annual gain against a basket of currencies, despite falling in December, with portfolio rebalancing from asset managers leading the currency higher in thin trading.
Riding a rally dating to May 2014, the greenback has appreciated by a quarter in value against a basket of currencies and by 22 percent against the euro. For the year, the greenback rose over 10 percent against the euro for its second straight yearly gain.
========================
Open Bid Rs.105.90
Open Offer Rs.106.10
========================
RUPEE IN LAHORE: The rupee did manage to recoil against the American dollar on Friday, with latter losing its worth following a local lackluster kerb.
The dollar was traded at Rs 106.10 and Rs 106.70 on the buying and selling counters as against previous closing rate of Rs 106.40 and Rs 106.90.
The rupee too did come back against the British pound, whose buying and selling rates fell from the day earlier closing of Rs 156.30 and Rs 157.30 to Rs 155.10 and Rs 156.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar further gained strength against the Pak rupee on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).
Comments
Comments are closed.