INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee picked up 10 paisa versus the dollar for buying and selling at 97.70 and 97.90 respectively, they said. The rupee also gained 70 paisa versus the euro for buying at Rs 128.30 and Rs 129.30 respectively, they said.
In the final Asian trading, the yen fell to its lowest level in more than two years versus the dollar, pressured by expectations that the new Japanese government will push the Bank of Japan into more aggressive monetary easing.
The dollar's rise against the yen gained further momentum due to stop-loss buying, which helped lift the greenback to 86.64 yen, its strongest level versus the Japanese currency since August 2010. The dollar was trading against the Indian rupee at Rs 54.82, the greenback was available at 3.0610 in relation to the Malaysian ringgit and the US currency was available at 6.231 against the Chinese yuan.
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Open Buying Rs 97.70
Open Selling Rs 97.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs 97.20
Offer Rate Rs 97.25
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RUPEE IN LAHORE: The Pak rupee failed to continue rising trend and was declined by 20-paisa in relation to the greenback on the local currency market on Friday.
According to the currency dealers, the dollar was opened on a healthy sign and registered appreciation following fresh demand. At the end of trading, the dollar was closed higher at Rs 97.80 and Rs 98.10 as its buying and selling rates against the overnight closing of Rs 97.60 and Rs 97.90 respectively.
However, the rupee continued upward trend and was appreciated against the British pound. The pound was traded at Rs 157.00 and Rs 158.00 on buying and selling counters compared with Thursday's closing of Rs 157.30 and Rs 158.30 respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 98.50 for buying and Rs 98.60 for selling against the same last rate. It did not observe further change in the evening session and closed at Rs 98.50 for buying and Rs 98.60 for selling.
Pound Sterling opened at Rs 158.50 for buying and Rs 158.60 for selling against the same last rate. It did not observe further change in the second session and closed at Rs 158.50 for buying and Rs 158.60 for selling.