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ISLAMABAD

The value of the dollar against the rupee remained unchanged in the open currencies markets of twin cities on Friday.

The market resumed with a better greenback at Rs 53.95 against the same rate of Thursday. The rupee remained stable by the end of evening session and dollar was sold at Rs 54.05.

Money changers said that market resumed on a moderate note following contraction in overall volume in the morning. The market moved in a narrow band and finally closed lower.

They said that the value of local currency remained stagnant against the dollar because of the balanced demand and supply in the kerb.

Only genuine buyers and sellers visited the markets of Islamabad and Rawalpindi with lacklustre activity in pound, mark and riyal, they added.

Pound sterling continued its upward journey against the rupee as it soared by 50 paisa. British currency opened at Rs 89.30 as compared to overnight value of Rs 88.80. Pound moved between Rs 89.30 and Rs 89.40 and was sold at Rs 89.60.

UAE dirham was bought and sold at Rs 14.71 and Rs 14.74. Saudi currency started the day at Rs 14.37 and sellers offered three paisa more at Rs 14.40.

German mark was plus by 10 paisa as it opened at Rs 28 as compared to Thursday's value of Rs 27.90. Mark remained lower in the kerb and was sold at Rs 28.20.

Japanese currency opened at Re 0.51 and was sold at Re 0.513.