INTERBANK MARKET RATES: The rupee under the circumstances could not retain its firmness against the dollar losing 13 paisa for buying and selling at 97.50 and 97.55 respectively, they said.
OPEN MARKET RATES: The rupee, however, gained 10 paisa in relation to the dollar for buying and selling at 97.80 and 98.00 respectively, they said. The rupee also picked up 40 paisa versus the euro for buying and selling at Rs 128.60 and Rs 129.60, they said. In the final Asian trade, the euro fell against the dollar on Friday as Republican House Speaker John Boehner abandoned his bill to avoid the "fiscal cliff", conceding there weren't enough votes for it in the chamber. House Republicans' refusal to support the bill was seen a rebuke for the speaker who passed the initiative back to President Barack Obama. The dollar was trading against the Indian rupee at Rs 55.17 versus the Malaysian ringgit, the greenback was at 3.0610 and the US currency was trading in terms of the Chinese yuan at 6.229.
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Open Buying Rs 97.80
Open Selling Rs 98.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs 97.50
Offer Rate Rs 97.55
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RUPEE IN LAHORE: The Pak rupee maintained upward trend against the greenback and the pound sterling on the local currency market on Friday.
According to the currency dealers, the dollar witnessed pressure soon after commencement of trading. Following diminishing demand, the dollar was slide down from last day closing of Rs 98.00 and Rs 98.50 to Rs 97.80 and Rs 98.30 as its buying and selling rates, respectively.
However, the rupee stayed unchanged on buying side while it was appreciated against the pound sterling. The pound was traded at Rs 158.50 and Rs 159.00 as compared to overnight closing of Rs 158.50 and Rs 159.50 on buying and selling counters, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 98.50 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 98.50 (buying) and Rs 98.60 (selling).
Pound Sterling opened at Rs 158.50 (buying) and Rs 158.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 158.50 (buying) and Rs 158.60 (selling).