The rupee showed further gains against the dollar on the money market on Friday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: The rupee gained sharply in relation to the dollar for buying and selling at Rs 147.85 and Rs 148.15 respectively, they said.
OPEN MARKET RATES: The rupee picked up by 50 paisas versus the dollar for buying and selling at Rs 147.50 and Rs 148.50 respectively, they said. The rupee was available in terms of the euro for buying and selling at Rs 162.50 and Rs 167.00 respectively, they said.
In the final Asian trade, the Mexican peso sank to three-month lows against the dollar on Friday after Washington unexpectedly said it will slap tariffs on all goods coming from its southern neighbour.
The safe-haven yen advanced as the Trump administration's move to escalate its trade war with other countries shook already fragile investor sentiment in global financial markets.
The dollar was trading against the Indian rupee at Rs 69.790, the greenback was at 4.193 versus the Malaysian ringgit and the US currency was available at 6.907 in terms of the Chinese yuan.
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Open Bid Rs.147.50
Open Offer Rs.148.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.147.85
Offer Rate Rs.148.15
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RUPEE IN LAHORE: The Pak rupee recovered some of its earlier loss and improved against the US dollar and British pound in the local currency market on Thursday.
According to the currency dealers, the dollar could not continue its upward move in absence of buyers' support. The dollar remained under pressure during the day and finally ended lower at Rs 147.00 and Rs 149.00 as its buying and selling rate against the previous closing of Rs 148.50 and Rs 149.50, respectively.
Similarly, the rupee showed strength and appreciated its value against the pound sterling. There was a variation in the pound sterling's rate at different exchanges as a number of moneychangers denied its availability for sale.
Some dealers said that the pound's buying and selling rate was declined from the Thursday's closing of Rs 184.50 and Rs 186.50 to Rs 183.00 and Rs 184.30, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the local currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 149 (buying) and Rs 149.10 (selling) against last rate of Rs 150 (buying) and Rs 150.10 (selling). It closed at Rs 149 (buying) and Rs 149.10 (selling).
The buying and selling rates of one tola of gold was Rs 69,800 (selling) and Rs 69,500 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.
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