The rupee managed to hold overnight levels against the dollar on the money market on Friday in the process of trading, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not move in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, they said. While, the rupee slid in relation to the euro, losing 10 paisas for buying and selling at Rs 115.40 and Rs 116.90 respectively, they said.
In the final Asian trade, the dollar traded near a three-month high versus the yen, on track for monthly gains against most rivals as investors waited for US third quarter growth data later in the day. Positive growth numbers would reinforce expectations that the US Federal Reserve is gearing up to hike interest rates.
A disappointing result, however, could trigger a fall in the dollar, a scenario that played out in late July when US second-quarter GDP data came in weak. The dollar eased 0.1 percent to 105.16 yen, holding near Thursday's high of 105.35 yen, which was the greenback's strongest level since late July. The dollar was trading against the Indian rupee at Rs 66.87, the greenback was at 4.1945 versus the Malaysian Ringgit and US currency was available at 6.7791 in terms of the Chinese yuan.
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Open Bid Rs.105.80
Open Offer Rs.106.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.104.83
Offer Rate Rs.104.84
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RUPEE IN LAHORE: The rupee failed to keep upward trend on buying side while it stayed unchanged on selling against the US dollar in the local currency market on Friday.
According to currency dealers, the trading of the US dollar commenced against its Thursday's closing of Rs 105.90 and Rs 106.20 as its buying and selling rates, respectively. Due to the short supply, the US dollar climbed up at Rs 106.00 on buying counter. However, it did not observe any change in its selling rate that continued to prevail till close of trading at Rs 106.20.
Versus the pound sterling, the rupee recovered its day earlier losses. The pound's buying and selling rates drifted down from the overnight closing of Rs 128.80 and Rs 129.50 to Rs 128.40 and Rs 129.00, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at local currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).
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