INTER-BANK MARKET RATES: In the final Asian trade, the dollar wallowed near a one-week low against a basket of currencies on Friday after upbeat economic data failed to lift Treasury yields, with underlying concerns about US trade policy capping greenback attempts to bounce.
The dollar index against a group of major currencies stood flat at 100.470 after hitting 100.410 overnight, its lowest since Feb. 9. The index had soared to a one-month high of 101.760 as recently as Wednesday, as US Federal Reserve Chair Janet Yellen spoke in support of a near-term rate hike and the markets also saw robust US inflation and retails sales data.
The euro was steady at $1.0674 after climbing 0.7 percent the previous day. It was on track to eke out a 0.2 percent gain against the greenback this week, having been hit the previous week by perceived political risks to the euro zone.
The dollar was trading against the Indian rupee at 67.03, the greenback was at 4.4560 in terms of the Malaysian ringgit and the US currency was at 6.8664 versus the Chinese yuan.
OPEN MARKET RATES: The rupee rose by 10 paisas in relation to the dollar for buying and selling at Rs 107.00 and Rs 107.20, however, it shed 15 paisas against the euro for buying and selling at Rs 113.75 and at Rs 115.25, they said.
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Open Bid Rs.107.00
Open Offer Rs.107.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.104.83
Offer Rate Rs.104.84
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RUPEE IN LAHORE: The Pak rupee recovered against the major currencies including the American dollar and British pound in the local currency market on Friday.
According to currency dealers, the US dollar resumed trading on a depressed note amidst lack of buyers' interest in the market. Consequently, it slid to Rs 107.00 and Rs 107.40 on buying and selling counters, respectively, as compared to the overnight closing rates of Rs 107.35 and Rs 107.50, respectively, they added.
Likewise, the local currency also followed the same pattern against the pound sterling. The pound's buying and selling rates went down from the Thursday's closing rates of Rs 133.30 and Rs 134.35 to Rs 132.10 and Rs 133.10, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday. The dollar opened at Rs 108.10 (buying) and Rs 108.20 (selling) against the dollar and it closed at the same levels. Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at Rs 130 (buying) and Rs 131.50 (selling).