INTER-BANK MARKET RATES: In the final Asian trade, the dollar clawed back some ground on Friday after skidding to a two-week low against the yen, but was still on track for weekly losses after the Federal Reserve meeting minutes disappointed dollar bulls.
The greenback inched 0.1 percent higher to 112.73 yen but was just off a two-week low of 112.55 plumbed overnight and down 0.3 percent for the week. The dollar failed to shrug off pressure from the Fed minutes released on Wednesday, which were more dovish than some market participants had expected. Mnuchin told CNBC that he wanted to see tax reform passed before Congress' August recess, a timeline that fit many investors' expectations but disappointed those hoping for more rapid reform.
The euro was off this week's lows but remained pressured by fears about anti-European Union rhetoric from French presidential candidate Marine Le Pen ahead of the first round of French elections on April 23, with the second round to come in May. The dollar was trading against the Indian rupee at Rs 66.83, the greenback was at 4.4440 in terms of the Malaysian ringgit and the US currency was at 6.8704 in relation to the Chinese yuan.
OPEN MARKET RATES: The rupee rose by 10 paisas versus the dollar for buying and selling at Rs 107.00 and Rs 107.20, they said. It, however, shed 20 paisas against the euro for buying and selling at Rs 113.00 and Rs 114.50, 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.104.85
Offer Rate Rs.104.86
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RUPEE IN LAHORE: The Pak rupee appreciated by 15-paisa on buying side while it stayed unchanged on selling side against the US dollar in the local currency market on Friday.
According to currency dealers, the trading of the US dollar commenced on its overnight closing of Rs 107.30 and Rs 107.50 as its buying and selling rates, respectively. Following lack of buyers' interest in the market, it slid to Rs 107.15 on buying counter.
However, it did not witness any change in its value as it sustained its overnight trend of Rs 107.50 on selling counter, respectively, they added.
Moreover, the local currency failed to maintain upward trend as it registered reduction versus the pound sterling. The pound's buying and selling rates rose from the Thursday's closing rates of Rs 132.90 and Rs 133.60 to Rs 133.50 and Rs 134.30, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged 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) and it closed at the same rate.
Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.