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An easier trend prevailed on the money market on Friday as the rupee tended lower in terms of the dollar in the process of trading, dealers said. The rupee did not move any side versus the dollar for buying and selling at Rs 105.38 and Rs 105.40 respectively, they said.

INTER-BANK MARKET RATES: In the final Asian trade, the dollar was buoyant against the yen on Friday as some participants bought back the currency to square positions ahead of a meeting of central bankers in Jackson Hole, Wyoming.

While Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are expected to stay on script in speeches later in the day, investors are hungry for any clues on further US rate rises, the timing of its balance sheet tapering and whether Europe is still looking to rein in stimulus.

Yellen is due to give a speech at 1400 GMT and Draghi will speak at 1900 GMT. The US currency was a shade firmer at 109.640 yen after gaining 0.5 percent overnight.

The dollar was trading against the Indian rupee at Rs 64.030, the greenback was at 4.276 in terms of the Malaysian ringgit and the US currency was at 6.663 in relation to the Chinese yuan.

OPEN MARKET RATES: The rupee extended overnight slide in relation to the dollar, losing 20 paisas for buying and selling at Rs 106.60 and Rs 106.80 respectively, they said.

The rupee also fell by 60 paisas versus the euro for buying and selling at Rs 125.00 an0 Rs 126.60 respectively, they said.





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Open Bid Rs.106.60

Open Offer Rs.106.80

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





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Bid Rate Rs.105.38

Offer Rate Rs.105.40

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RUPEE IN LAHORE: The Pakistani rupee stayed unchanged on buying side while it recovered marginally by five-paisa on selling side in relation to the greenback in local currency market on Friday.

According to currency dealers, the greenback resumed trading on its overnight trend of Rs 106.40 and Rs 106.70 as its buying and selling rates, respectively. At the close, no change in its value took place on buying counter as it maintained its opening rate of Rs 106.40. However, it appreciated by five-paisa on selling counter and ended at Rs 106.65, they added.

Furthermore, the national currency showed mixed patterns as it moved both ways by 10-paisa versus the pound sterling. The pound sterling was bought and sold at Rs 134.90 and Rs 135.40 against Thursday's closing rates of Rs 134.80 and Rs 135.50 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 107.10 (buying) and Rs 107.20 (selling) against same last rate. It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.

Copyright Business Recorder, 2017


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