Slight changes were seen in the interbank market on Thursday as the rupee fluctuated in a narrow band versus the dollar for buying and selling at 60.30 and 60.32, dealers said. They said that dollars' supply was comfortable which helped the rupee to hold its present position.
Some other dealers also said that due to the higher oil payment, the dollar demand was up but supply was enough to meet market demand, they said. In the international markets, the US currency firmed versus the major currency units, they added.
OPEN MARKET RATES: The rupee gained three paisa against the dollar for buying and selling at 60.73 and 60.78, respectively.
Versus the euro the rupee, however, gained 30 paisa for buying and selling at 76.70 and Rs 76.80, they said.
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Buying Rs 60.73
Selling Rs 60.78
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Thursday.
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Buying Rs 60.30
Selling Rs 60.32
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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 2.50 7.50 3.00 8.00 5.25
1-Week 6.75 7.50 7.25 8.00 7.38
2-Weeks 7.75 8.10 8.20 8.40 8.11
1-Month 8.00 8.20 8.25 8.40 8.21
2-Months 8.35 8.45 8.55 8.65 8.50
3-Months 8.40 8.55 8.60 8.70 8.56
4-Months 8.50 8.55 8.60 8.75 8.60
5-Months 8.55 8.60 8.65 8.80 8.65
6-Months 8.65 8.75 8.75 8.85 8.75
9-Months 8.80 9.00 9.00 9.20 9.00
1-Year 9.00 9.15 9.25 9.30 9.18
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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 3.00 8.00 3.50 9.00 5.88
1-Week 8.00 8.25 8.25 8.50 8.25
2-Weeks 8.75 9.00 9.25 9.40 9.10
1-Month 9.20 9.50 9.75 10.00 9.61
2-Months 9.35 9.60 10.00 10.25 9.80
3-Months 9.40 9.60 10.00 10.50 9.88
4-Months 9.50 9.65 10.25 10.75 10.04
5-Months 9.60 9.90 10.25 10.75 10.13
6-Months 9.65 9.95 10.25 11.00 10.21
9-Months 9.75 9.90 10.50 11.00 10.29
1-Year 10.00 10.50 11.00 11.25 10.69
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RUPEE IN LAHORE: The rupee failed to maintain upward trend as it depreciated its value by 5-paisa in relation to the greenback in the local currency markets on Thursday.
According to the currency dealers, the dollar resumed trading at Wednesday's closing rates of Rs 60.65 and Rs 60.75 on buying and selling sides, respectively. As a result of increase in dollar's demand, its rate marginally improved and closed at Rs 60.70 and Rs 60.80 on buying and selling sides, respectively, the dealers added.
Similarly, the local currency remained under pressure and lost its worth against the pound sterling. The pound's buying rate improved from previous closing rate of Rs 112.55 to Rs 112.60, while selling rate improved from Rs 112.75 to Rs 112.95, 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 Thursday.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against same last rate. It did not observe any further change in the evening session and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound sterling opened at opened at Rs 112.80 (buying) and Rs 113 (selling) against same previous rate. It did not witness any change in the second session and closed at Rs 112.80 (buying) and Rs 113 (selling).
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