THE RUPEE: rates unmoved

The rupee somehow managed to hold overnight levels against the dollar on the money market on Friday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee stayed put versus the dollar for buying and selling at Rs 124.25 and Rs 124.26 respectively, they added.
OPEN MARKET RATES: In line with the open market, the rupee did not move in relation to the dollar for buying and selling at Rs 126.80 and Rs 127.20 respectively, they said. The national currency shed 10 paisas in terms of the euro for buying and selling at Rs 145.40 and Rs 147.40, they said.
In the final Asian trade, the dollar's rally took a pause on Friday as investors awaited monthly US jobs data later in the day and evaluated the impact of a two-day global government bond rout that has lifted US Treasury yields to seven-year highs.
The yield on the benchmark 10-year US Treasury note hit its highest levels since May 2011 after private payrolls data came in stronger than forecast.
The private payroll numbers were seen as boosting the odds that US jobs data for September would also be stronger than expected, likely indicating the tightening cycle by the Federal Reserve will continue.
The dollar was trading against the Indian rupee at Rs 73.575 and the greenback was available 4.145 versus the Malaysian ringgit.

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Open Bid       Rs.126.80

Open Offer     Rs.127.20

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

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Bid Rate       Rs.124.25

Offer Rate     Rs.124.26

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RUPEE IN LAHORE: The Pak rupee depreciated on buying side while it stayed unchanged on selling side in relation to the greenback in the local currency market on Friday.
According to currency dealers, the greenback appreciated by 20 paisas and ended higher for buying at Rs 127.00 against the overnight closing rate of Rs 126.80 whereas it firmly held its opening trend for selling at Rs 127.50.
In addition, the national currency failed to hold its strength as it registered a considerable decline against the pound sterling. The pound's buying and selling rates rose slipped from Thursday's closing of Rs 163.50 and Rs 164.50 to Rs 164.60 and Rs 166.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 25 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 126.75 (buying) and Rs 126.85(selling) against last rate of Rs 126.50(buying) and Rs 126.60(selling). It closed at Rs 126.75(buying) and Rs 126.85(selling).
Copyright Business Recorder, 2018