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The rupee moved slightly against the dollar on the local market on Friday in the process of business activity, dealers said.

INTER-BANK MARKET RATES: The rupee traded within the present levels versus the dollar for buying and selling at Rs 138.60 and Rs 138.62 respectively, they said.

OPEN MARKET RATES: The rupee did not show major change in relation to the dollar for buying and selling at Rs 138.50 and Rs 138.90 respectively, they said. The rupee picked up 20 paisas against the euro for buying and selling at Rs 156.40 and Rs 158.10 respectively, they said.

In the final Asian trade, higher US bond yields underpinned the dollar on Friday, while its Australian counterpart steadied after its recent sharp slide on upbeat central bank comments and easing concerns about China's ban on Australian coal imports.

The dollar index against a basket of six major currencies was little changed at 96.608 after edging up about 0.15 percent overnight when long-term Treasury yields surged to a one-week high on news of progress in US-China trade talks.

However, the greenback's gains were capped after Thursday's soft US economic data, including an unexpected fall in core capital goods orders and weak existing home sales, which affirmed expectations that the Federal Reserve will hold interest rates steady.

The dollar war trading against the Indian rupee at Rs 71.163, the greenback was at 4.081 versus the Malaysian ringgit and the US currency was available at 6.729 in terms of the Chinese yuan.





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Open Bid Rs.138.50

Open Offer Rs.138.90

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





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Bid Rate Rs.138.60

Offer Rate Rs.138.62

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RUPEE IN LAHORE: The Pak rupee witnessed divergent trend in relation to the greenback in the local currency market on Friday.

Following fluctuating demand and supply situation in the market, the greenback moved both ways and ended for buying and selling at Rs 138.75 and Rs 139.20 against the previous closing trend of Rs 138.70 and Rs 139.40 respectively, local currency dealers said.

In addition, the local currency showed strength as it recovered its earlier losses versus the pound sterling. The pound's buying and selling rates declined from the Thursday's closing of Rs 179.75 and Rs 181.00 to Rs 179.15 and Rs 180.50 respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 5paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday.

The dollar opened at Rs138.65 (buying) and Rs 138.75 (selling) against last rate of Rs138.60 (buying) and Rs 138.70 (selling). It closed at Rs138.65 (buying) and Rs 138.75 (selling).

The buying and selling rates of one tola of gold was Rs. 68,150 (selling) and Rs 68,100 (buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.

Copyright Business Recorder, 2019


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