INTER-BANK MARKET RATES: In final Asian trade, the safe-haven yen strengthened marginally versus the dollar on Friday as broader market sentiment remained weak on rising concerns over a sharp slowdown in global growth.
Weaker-than-expected US factory activity and fears of a slowdown in China from a bruising trade war have heightened investor expectations the Federal Reserve will not raise rates in 2019, and possibly even cut them in 2020.
Global equities have had a weak start to the New Year and US bond yields have fallen sharply on rising bets economic activity could brake sharply across the world this year.
The dollar index was marginally lower at 96.3. The index fell 0.56 percent in the previous session. The euro and sterling were unchanged from Thursday's close at $1.1391 and $1.2627, respectively.
The dollar was trading against the Indian rupee at Rs 69.925, the greenback was at 4.139 versus the Malaysian ringgit and the US currency was available at 6.863 in terms of the Chinese yuan.
OPEN MARKET RATES: The rupee did not move any side in terms of the dollar for buying and selling at Rs 138.80 and Rs 139.20 respectively, they said. The rupee failed to maintain firmness versus the euro for buying and selling at Rs 157.60 and Rs 159.40 respectively, they said.
========================
Open Bid Rs.138.80
Open Offer Rs.139.20
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
========================
Bid Rate Rs.138.93
Offer Rate Rs.138.95
========================
RUPEE IN LAHORE: The Pak rupee depreciated its worth in process of trading versus the major foreign currencies including the greenback and British pound in the local currency market on Friday.
The short supply phenomenon of the greenback prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 138.70 and Rs 139.60 against the overnight closing rate of Rs 138.60 and Rs 139.40 respectively, local currency dealers said.
Similarly, the local currency also followed the same suit in relation to the pound sterling. The pound's buying and selling rates rose from Thursday's closing of Rs 173.50 and Rs 175.00 to Rs 174.50 and Rs 176.00 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 Friday.
The dollar opened at Rs 138.85 (buying) and Rs 138.95 (selling) against last rate of Rs 138.80 (buying) and Rs 138.90 (selling). It closed at Rs 138.85 (buying) and Rs 138.95 (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.