Firm trend was witnessed in the interbank market on Tuesday as the rupee-dollar parity rates were mostly unchanged at 60.30 and 60.31 for buying and selling, respectively.
The US dollars' supply has eased, which enable the rupee to hold its overnight level versus the dollar, dealers said. It is likely that the rupee might show some stability in the near future, they said.
In the world markets, the dollar moved both ways versus the leading currencies following the confusion about the Fed's meeting over the interest rate policy, dealers said.
OPEN MARKET RATES: The rupee, however, was lower by two paisa against the dollar for buying and selling at 60.60 and 60.65, they said.
The rupee picked up 28 paisa against the euro for buying and selling at Rs 76.98 and Rs 77.08 as the dollar came under pressure.
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Buying Rs 60.60
Selling Rs 60.65
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
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Buying Rs 60.30
Selling Rs 60.31
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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 8.25 8.75 8.25 9.00 8.56
1-Week 7.90 8.40 8.25 8.55 8.28
2-Weeks 8.00 8.40 8.30 8.60 8.33
1-Month 8.25 8.50 8.45 8.65 8.46
2-Months 8.30 8.55 8.50 8.70 8.51
3-Months 8.45 8.60 8.60 8.80 8.61
4-Months 8.50 8.60 8.65 8.80 8.64
5-Months 8.55 8.65 8.70 8.85 8.69
6-Months 8.65 8.75 8.80 8.90 8.78
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 8.50 9.50 8.75 10.00 9.19
1-Week 8.40 8.65 8.75 9.00 8.70
2-Weeks 8.50 8.75 9.00 9.40 8.91
1-Month 9.50 9.75 10.00 10.25 9.88
2-Months 9.60 9.80 10.10 10.40 9.98
3-Months 9.65 9.85 10.20 10.50 10.05
4-Months 9.70 9.90 10.25 10.70 10.14
5-Months 9.75 10.00 10.30 10.75 10.20
6-Months 9.75 10.25 10.35 11.00 10.34
9-Months 10.00 10.30 10.50 11.00 10.45
1-Year 10.20 10.50 11.00 11.25 10.74
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RUPEE IN LAHORE: The rupee maintained upward slide and further improved its worth by five-paisa in relation to the greenback in the local currency markets on Tuesday.
According to the currency dealers, the dollar in the absence of buyers marginally lost its worth. The dollar resumed trading at Monday's closing rates of Rs 60.65 and Rs 60.75 on buying and selling counters, respectively. However, in the absence of buyers, the dollar could not sustain and marginally declined to Rs 60.60 and Rs 60.70 on buying and selling counters, respectively, the dealers added.
Moreover, the local currency remained unchanged against the pound sterling. The British pound was purchased at Rs 114.25 and was sold at Rs 114.60, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the local kerb markets of Islamabad and Rawalpindi on Tuesday.
The dollar opened at Rs 60.55 (buying) and Rs 60.65 (selling) against same last rate. It did not observe any further change in the last trading hours and closed at Rs 60.55 (buying) and Rs 60.65 (selling).
Pound sterling opened at opened at Rs 114.50 (buying) and Rs 115.70 (selling) against same last rate. It did not witness any change in the second session and closed at Rs 114.50 (buying) and Rs 115.70 (selling).
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