The rupee crossed 135 barriers against the dollar on the money market on Friday in the process of trading, dealers said. The rupee continued slide versus the dollar for the second day in a row, losing 50 paisas for buying at Rs 134.70 and it also shed 30 paisas for selling at Rs 135.00, they said. The domestic currency, however, gained 30 paisas in relation to the euro for buying and selling at Rs 152.50 and Rs 154.50, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee showed slight change in relation to the dollar for buying and selling at Rs 133.99 and Rs 134.00 respectively, dealers said.
In the final Asian trade, the euro and sterling steadied versus the dollar on Friday after Britain and the European Union agreed in principle to a text setting out their future relationship before a summit on Sunday. Traders initially cheered the draft declaration agreed by the United Kingdom and the European Commission overnight which said that the
The dollar index, a gauge of its value versus six major peers, traded marginally weaker at 96.5. Much of the weakness is due to the strength in the euro and sterling, which together constitute 70 percent of the index.
The US dollar was available at 4.194 in terms of the Malaysian ringgit and the dollar was trading against the Chinese yuan at 6.940.
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Open Bid Rs.134.70
Open Offer Rs.135.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.133.99
Offer Rate Rs.134.00
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RUPEE IN LAHORE: The Pak rupee continued to keep going down for the second consecutive day versus the American dollar in the local currency market on Friday.
According to currency dealers, the short supply phenomenon of the US dollar prevailed for another day in the market which helped its further appreciation for buying and selling at Rs 134.50 and Rs 135.30 against the overnight closing trend of Rs 134.00 and Rs 134.90 respectively.
Moreover, the national currency moved both ways in relation to the pound sterling which was bought and sold at Rs 171.50 and Rs 172.60 as compared to the Thursday's closing rates of Rs 171.30 and Rs 173.30 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 60 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 134.70 (buying) and Rs 134.80 (selling) against last rate of Rs 134.10 (buying) and Rs 134.20 (selling). It closed at Rs 134.70(buying) and Rs 134.80(selling).
The buying and selling rates of one tola of gold were Rs 61,400 (selling) and Rs 61,300(buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.
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