INTER-BANK MARKET RATES: In the final Asian trade, the yen and the Swiss franc rose on Friday, as investors sought shelter in safe-haven assets due to renewed US-China trade tensions and weaker-than-expected data in those two economies that revived global growth fears.
In Asian trade on Friday, the yen added 0.4 percent against the dollar, while the Swiss franc tacked on 0.3 percent as renewed growth fears pushed investors back into safe havens.
The anxiety in markets has helped these currencies this month put on 2.3 percent and 1.2 percent, respectively. Currencies generally are trading in thin volumes, with year-end positioning adding to volatility.
The dollar index, a gauge of its value versus six major peers, fell by around 0.15 percent to 96.34, after losing 0.5 percent overnight.
The rupee was trading against the Indian rupee at Rs 70.080, the greenback was at 4.154 in terms of the Malaysian ringgit and the US currency was available at 6.856 in relation to the Chinese yuan.
OPEN MARKET RATES: The rupee was unchanged in terms of the dollar for buying and selling at Rs 138.80 and Rs 139.30, they said. The rupee was available against the euro for buying and selling at Rs 158.25 and Rs 160.05, they said.
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Open Bid Rs.138.80
Open Offer Rs.139.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Bid Rate Rs.138.92
Offer Rate Rs.138.94
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RUPEE IN LAHORE: The Pak rupee registered reduction versus the major foreign currencies including the greenback and the British pound in the local currency market on Friday.
The short supply phenomenon of the greenback prevailed for the consecutive day in the market which helped its further appreciation for buying and selling at Rs 138.80 and Rs 139.60 against the previous closing trend of Rs 138.50 and Rs 139.50 respectively, local currency dealers said.
The national currency, however, failed to hold its earlier recoveries in relation to the pound sterling. The pound's buying and selling rates rose from the Thursday's closing of Rs 173.80 and Rs 175.00 to Rs 174.50 and Rs 175.80 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 5 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 138.90(buying) and Rs 139(selling) against last rate of Rs 138.85(buying) and Rs 138.95(selling). It closed at Rs 138.90(buying) and Rs 139(selling).
The buying and selling rates of one tola of gold was Rs 67,200(selling) and Rs 67,000(buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.