Falling trend was seen in the open market on Tuesday as the rupee shed five paisa versus the US currency for buying and selling at 60.45 and 60.50, dealers said. Rising demand from the interbank market pushed the rate down in the open market, they said.
The rupee gained 40 paisa versus the euro for buying and selling at Rs 72.40 and Rs 72.60 on dropping its value in the international markets, they added.
In the overseas markets, the dollar moved both ways versus the major currencies, dealers said.
INTERBANK RATES: The rupee did not show major changes in the interbank market on Tuesday for buying and selling at 59.75 and Rs 59.80, dealers said
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Kerb Buying Rs 60.45
Kerb Selling Rs 60.50
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
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Buying Rs 59.75
Selling Rs 59.80
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 8.90 8.95 8.90 8.95 8.93
1-Week 8.75 8.90 8.90 8.95 8.88
2-Week 8.50 8.65 8.75 8.90 8.70
1-Month 7.75 8.00 8.25 8.50 8.13
2-Months 7.50 7.60 7.80 8.25 7.79
3-Months 7.50 7.75 8.00 8.25 7.88
4-Months 7.60 7.80 8.00 8.25 7.91
5-Months 7.65 7.85 8.10 8.25 7.96
6-Months 7.90 8.10 8.25 8.50 8.19
9-Months 7.90 8.15 8.45 8.60 8.28
1-Year 8.25 8.50 8.75 9.00 8.63
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 9.00 9.25 9.50 9.75 9.38
1-Week 9.00 9.25 9.25 9.50 9.25
2-Week 8.75 8.90 9.00 9.50 9.04
1-Month 8.25 8.50 8.75 9.00 8.63
2-Months 8.00 8.25 8.40 8.50 8.29
3-Months 8.00 8.25 8.50 8.75 8.38
4-Months 8.00 8.40 8.50 8.75 8.41
5-Months 8.20 8.50 8.70 8.90 8.58
6-Months 8.25 8.50 8.75 9.00 8.63
9-Months 8.40 8.65 8.90 9.20 8.79
1-Year 8.75 9.00 9.15 9.30 9.05
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RUPEE IN LAHORE: The dollar-rupee parity remained unchanged amid sluggish trading trend in the local currency markets on Tuesday.
According to the currency dealers, there was no change in dollar's demand and supply condition, which helped the local currency rupee maintain its overnight closing levels. The dollar's trading resumed at Monday's rates of Rs 60.55 and Rs 60.65 as its buying and selling rates, respectively. The dollar witnessed fractional change of one-two paisa in its value during the entire day's trading but finally closed at the opening levels, the dealers added.
Similarly, the rupee showed stability and remained unchanged against the pound sterling. The British pound was traded at previous closing of Rs 109.50 and Rs 111.00 on buying and selling counters, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged at the currency exchange establishments of twin cities of Islamabad and Rawalpindi on Tuesday.
The dollar opened at Rs 60.40 (buying) and Rs 60.50 (selling) against same previous rate. Ever-favorite greenback did not observe any further change in the second spell and closed at Rs 60.40 (buying) and Rs 60.50 (selling).
Pound sterling opened at Rs 109.50 (buying) and Rs 109.80 (selling) against same previous rate. British currency did not witness any further change in the last trading hours and closed at Rs 109.50 (buying) and Rs 109.80 (selling).
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