The rupee moved both ways against the dollar on the currency market on Friday in the process of trading, dealers said. The rupee shed 65 paisas against the dollar for buying and selling at Rs 106.15 and Rs 106.30 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee gained 30 paisa in relation to the dollar for buying at Rs 106.00 and it also picked up 50 paisa in terms of the dollar for selling and Rs 106.30, they said. The rupee shed 30 paisas against euro for buying and selling at Rs 120.30 and Rs 121.30 respectively.
In the final Asian trade, the dollar gained in Asian trading, getting a leg up against the yen after the Bank of Japan increased its purchases of Japanese government bonds in a move aimed at stemming a rise in yields.
The dollar was on track for weekly gains, though investors were unlikely to push the upside significantly as they braced for monthly US employment data later in the global session, following some downbeat jobs figures overnight.
The dollar extended gains against its Japanese counterpart after the BOJ's move, rising 0.6 percent to 113.830 yen after touching a session high of 113.835 yen, its highest level since May 12. It was up 1.3 percent for the week.
The BOJ offered to buy an unlimited amount of 10-year JGBs at yield of 0.110 percent and also increased its buying of five- to ten-year JGBs through an auction to 500 billion yen from 450 billion yen.
The dollar index, which tracks the greenback against a basket of six major rivals, was 0.2 percent higher on the day at 95.947, up 0.3 percent for the week.
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Open Bid Rs 106.00
Open Offer Rs 106.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs 106.15
Offer Rate Rs 106.30
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RUPEE IN LAHORE: The Pak rupee moved both ways versus the greenback in the local currency market on Friday.
The greenback continued to fluctuate throughout the trading session amidst divergent trend in the market. At the close, it was bought and sold at Rs 106.05 and Rs 106.35 on buying and selling side as compared to the overnight closing trend of Rs 105.85 and Rs 106.75 respectively, said local currency dealers.
Moreover, the local currency remained strong for the second consecutive day as it registered appreciation against the British pound. The pound's buying and selling rates further decreased from Thursday' closing rates of Rs 136.00 and Rs 137.00 to Rs 135.60 and Rs 136.60 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee further showed an improvement of Rs 1 against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against last rate of Rs 107 (buying) and Rs 107.10 (selling). It closed at Rs 106. (buying) and Rs 106.20 (selling).
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