The rupee held present levels against the dollar on the money market in the process of trading, dealers said on Friday. The rupee shed one paisa in terms of the dollar for buying and selling at Rs 105.50 and Rs 105.52 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee was unchanged against the dollar for buying and selling at Rs 107.30 and Rs 107.50 respectively, they said. The rupee continued slide against the euro, slipping 10 paisas for buying and selling at Rs 126.90 and Rs 127.15 respectively, they said.
In the final Asian trade, the dollar wobbled in thin trading, on track for losses against most rivals in a holiday-shortened week as it remained under pressure on the Federal Reserve's cautious view on low US inflation
US markets were closed for the Thanksgiving holiday on Thursday, which was also a national holiday in Japan.
The dollar skidded on Wednesday after minutes from the Fed's latest policy meeting showed some policymakers fretting over stubbornly weak inflation. That led some to question expectations of hikes in 2018.
The core personal consumption expenditures price index has consistently fallen short of the central bank's 2 percent target for over five years, even as the Fed has moved toward normalizing policy.
The index that tracks the dollar against a basket of six major rival currencies was down 0.1 percent at 93.153, and 0.5 percent lower for the week.
The dollar added 0.2 percent against the yen to 111.46, pulling away from Thursday's two-month low of 111.07 yen, though it was still down 0.5 percent for the week.
The dollar was trading against the Indian rupee at Rs 64.58, the greenback was available at 4.116 versus the Malaysian ringgit and the US currency was at 6.576 in relation to the Chinese yuan.
========================
Open Bid Rs.107.30
Open Offer Rs.107.50
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
========================
Bid Rate Rs.105.50
Offer Rate Rs.105.52
========================
RUPEE IN LAHORE: The rupee-dollar parity stayed unchanged amidst sluggish trend in the local currency market on Friday.
According to currency dealers, the US dollar resumed trading on its overnight closing of Rs 107.40 and Rs 107.65 as its buying and selling rates, respectively. At the close, it did not witness change in its demand and supply situation as its opening trend prevailed throughout the trading session, they added.
On the contrary, the national currency registered reduction in relation to the pound sterling. The pound's buying and selling rates went up from Thursday's closing of Rs 141.90 and Rs 142.90 to Rs 142.20 and Rs 143.00 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee was firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 107.40 (buying) and Rs 107.50 (selling) against last rate of Rs 107.60 (buying) and Rs 107.70 (selling). It closed at Rs 107.40 (buying) and Rs 107.50 (selling).
Comments
Comments are closed.