Bearish trend was seen in both the interbank and open market on Monday as the banks were involved in extensive buying of dollar to meet the payment requirements, dealers said.
In the interbank market, the rupee lost three paisa for buying at 60.05 and slid four paisa for selling at 60.07, respectively. In fact, increasing demand for dollars, pushed the rupee down and it seems that the local currency may lose slightly in the coming days, dealers said. In the world market, the dollar failed to gain strength as the yuan is still on rising trend, dealers said.
OPEN MARKET RATES: The rupee lost 14 paisa in relation to the dollar for buying and selling at 60.34 and 60.38, dealers said.
The rupee, however, gained 16 paisa versus the euro for buying and selling at Rs 77.20 and Rs 77.30
================================
Buying Rs 60.34
Selling Rs 60.35
================================
INTERBANK CLOSING RATES: Interbank closing rates for dollar on Wednesday.
==============================
Buying Rs 60.05
Selling Rs 60.07
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 8.90 8.95 8.90 8.95 8.93
1-Week 8.80 8.90 8.90 8.95 8.89
2-Weeks 8.80 8.85 8.90 8.95 8.88
1-Month 8.75 8.85 8.85 8.90 8.84
2-Months 8.70 8.75 8.75 8.80 8.75
3-Months 8.70 8.80 8.75 8.85 8.78
4-Months 8.65 8.75 8.75 8.80 8.74
5-Months 8.65 8.75 8.75 8.80 8.74
6-Months 8.65 8.75 8.80 8.85 8.76
9-Months 8.70 8.80 8.80 8.90 8.80
1-Year 8.75 8.80 8.85 8.90 8.83
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 9.00 9.15 9.15 9.30 9.15
1-Week 9.00 9.50 9.35 9.60 9.36
2-Weeks 9.00 9.50 9.35 9.60 9.36
1-Month 9.00 9.40 9.25 9.60 9.31
2-Months 9.00 9.50 9.25 9.60 9.34
3-Months 9.25 9.60 9.50 9.75 9.53
4-Months 9.30 9.50 9.50 9.75 9.51
5-Months 9.35 9.60 9.50 9.80 9.56
6-Months 9.35 9.60 9.55 9.80 9.58
9-Months 9.50 10.00 9.80 10.25 9.89
1-Year 9.60 10.00 9.80 10.25 9.91
=================================================================
RUPEE IN LAHORE: The rupee opened the week on a negative note, as it lost 20-paisa in relation to the greenback in the local currency markets.
According to the currency dealers, the dollar witnessed increase in its demand, which pushed down the value of the local currency. The dollar resumed trading at Rs 60.25 and Rs 60.35 as its buying and selling rates, respectively. Due to poor supply situation, the dollar appreciated its worth and closed higher at Rs 60.30 and Rs 60.40 on buying and selling sides, respectively, as against Saturday's closing rates of Rs 60.10 and Rs 60.20, the dealers added.
However, the local currency recovered some of its earlier loss against the pound sterling. The British pound declined to Rs 112.90 and Rs 113.20 on buying and selling counters, respectively, as compared to Rs 113.20 and Rs 113.50 of Saturday, 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 60.15 (buying) and Rs 60.25 (selling) against same previous rate. It did not observe any further change in the evening session and closed at Rs 60.15 (buying) and Rs 60.25 (selling).
Pound sterling opened at Rs 111.20 (buying) and Rs 111.40 (selling) against same previous rate. It did not observe any further change in the evening session and closed at Rs 111.20 (buying) and Rs 111.40 (selling).
Comments
Comments are closed.