The rupee showed downward revision in the open market on Friday, shedding 10 paisa against the dollar for buying at 60.40 and slid five paisa for selling at 60.45 in process of trading, dealers said.
The rupee suffered a slight fall due to month-end payments. Meantime, it is expected the rupee would be able to regain its firmness due to the increasing supplies in the shape of remittances.
The rupee, however, managed to recover against euro 30 paisa on the buying counter at Rs 72.30 and 40 paisa on the selling side at Rs 72.40 as the dollar maintained its firm trend in the international markets, dealers said.
In the world markets, the positive US economic data supported the dollar to regain its strength versus the leading currencies, they said.
INTERBANK RATES: The rupee firmly held its overnight levels for buying and selling counters at 59.70 and 59.71 for the second day in a row, moneychangers said.
Marketmen said that balanced demand and supply did not allow the rupee to move either side.
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Kerb Buying Rs 60.40
Kerb Selling Rs 60.45
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
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BUYING Rs 59.70
SELLING Rs 59.71
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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 7.00 8.90 8.00 8.90 8.20
1-Week 7.50 7.75 7.75 8.00 7.75
2-Week 7.60 7.80 7.85 8.00 7.81
1-Month 7.75 7.90 7.95 8.10 7.93
2-Months 7.90 8.00 8.00 8.10 8.00
3-Months 7.90 8.00 8.10 8.20 8.05
4-Months 8.15 8.25 8.35 8.50 8.31
5-Months 8.20 8.30 8.40 8.50 8.35
6-Months 8.20 8.35 8.30 8.50 8.34
9-Months 8.30 8.60 8.55 8.65 8.53
1-Year 8.40 8.50 8.75 8.90 8.64
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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 7.50 8.90 8.00 9.25 8.41
1-Week 7.75 8.00 8.00 8.25 8.00
2-Week 8.00 8.25 8.25 8.75 8.31
1-Month 8.00 8.75 8.40 9.00 8.54
2-Months 8.20 8.85 8.50 9.00 8.64
3-Months 8.30 9.00 8.65 9.25 8.80
4-Months 8.50 9.25 8.80 9.30 8.96
5-Months 8.40 9.00 8.80 9.40 8.90
6-Months 8.50 9.25 8.95 9.50 9.05
9-Months 8.75 9.40 9.30 9.60 9.26
1-Year 9.00 9.50 9.60 9.75 9.46
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RUPEE IN LAHORE: The rupee remained firm and further improved its worth by 10-paisa in relation to the greenback in the local currency markets on Friday.
According to the currency dealers, the dollar's trading commenced at Rs 60.30 and Rs 60.40 on buying and selling counters, respectively.
With the increase in dollar's supply, its rate started declining and finally closed lower at Rs 60.25 and Rs 60.35 on buying and selling sides, respectively, the dealers added.
Similarly, the local currency maintained upward slide and further improved its value against the pound sterling. The British pound was purchased at Rs 106.60 and was sold at Rs 107 as compared to Rs 106.70 and Rs 107.10 of Thursday, 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 Friday.
The dollar opened at Rs 60.30 (buying) and Rs 60.40 (selling) in the morning session. It did not observe any further change in the evening session and closed at Rs 60.30 (buying) and Rs 60.40 (selling).
Pound sterling opened at Rs 107 (buying) and Rs 107.40 (selling) in the first session. British currency did not show any further change by the end of second session and closed at Rs 107 (buying) and Rs 107.40 (selling).
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