The rupee gained five paisa in relation to the dollar for buying and selling at 60.10 and 60.20 in the process of trading, dealers said. The rupee, however, shed five paisa against the euro for buying at Rs72.80 and 10 paisa on the selling side at Rs 73.10, they added. The rupee-dollar parity rates moved both ways in the currency market on Monday, dealers said.
Dollar's rising trend persisted in the interbank market as the rupee extended its last week's slide, shedding one paisa more versus the dollar for buying and selling at 59.68 and 59.69, respectively.
The dollars' demand persisted in the market for higher payments, they added. In the coming days, the rupee might show light weakness if demand increases for dollar, they added.
If dollar comes under pressure in the world markets, the local currency is likely to depict its firmness, they said. It is also expected that if the soaring oil prices take a pause, the dollar can go up globally, they said.
In the world markets, the dollar failed to make any clear-cut direction in the absence of fresh leads, moneychangers said.
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Kerb buying Rs 60.10
Kerb selling Rs 60.15
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Monday.
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Buying Rs 59.68
Selling Rs 59.69
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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 8.50 8.90 8.75 8.90 8.76
1-Week 8.40 8.70 8.60 8.75 8.61
2-Week 8.00 8.25 8.25 8.50 8.25
1-Month 7.75 8.00 8.10 8.25 8.03
2-Months 7.70 8.00 8.00 8.20 7.98
3-Months 7.75 7.90 8.00 8.25 7.98
4-Months 7.85 8.10 8.10 8.30 8.09
5-Months 7.90 8.10 8.20 8.30 8.13
6-Months 8.00 8.15 8.25 8.50 8.23
9-Months 8.10 8.20 8.30 8.65 8.31
1-Year 8.25 8.50 8.75 8.90 8.60
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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 8.75 9.25 9.00 9.50 9.13
1-Week 8.50 8.75 9.00 9.25 8.88
2-Week 8.00 8.50 8.50 9.00 8.50
1-Month 8.25 8.75 9.00 9.25 8.81
2-Months 8.20 8.40 8.60 8.80 8.50
3-Months 8.30 9.00 8.75 9.25 8.83
4-Months 8.35 9.00 8.80 9.30 8.86
5-Months 8.40 9.10 8.90 9.35 8.94
6-Months 8.50 9.20 9.25 9.50 9.11
9-Months 8.75 9.35 9.30 9.65 9.26
1-Year 9.00 9.50 9.65 9.90 9.51
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RUPEE IN LAHORE: The rupee opened the week on a negative note, as it shed its value by three-paisa in relation to the greenback in the local currency markets.
According to the currency dealers, the dollar resumed trading at Saturday's closing levels of Rs 60.30 and Rs 60.40 on buying and selling counters, respectively. During the day's trading, the dollar witnessed fresh buying, which help improve its worth against the local currency. At the end of trading, the dollar moved up and closed at Rs 60.33 and Rs 60.43 on buying and selling sides, respectively, the dealers added.
Similarly, the local currency remained weak and registered loss against the pound sterling. The pound's buying rate improved from previous closing rate of Rs 107.30 to Rs 107.35, while selling rate increased from Rs 107.60 to Rs 107.65, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi on Monday.
The dollar opened at Rs 59.95 (buying) and Rs 60.10 (selling) against same previous rate. It did not observe any further change in the second session and closed at Rs 59.95 (buying) and Rs 60.10 (selling).
Pound sterling opened at Rs 107.50 (buying) Rs 108 (selling) against same last rate. It did not observe any further fluctuation by the end of the second session and closed at Rs 107.50 (buying) Rs 108 (selling).
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