The dollar posted fresh gain of one paisa versus the rupee in the interbank market on Thursday amid higher demand for the greenback, dealers said. According to the market sources, the rupee is under pressure due to strong demand for dollars, in the meantime, improved supply of the US currency helped the rupee minimise its losses.
It is likely that the rupee may not be able show its strength versus the dollar due to higher demand for the import bills. The dollar depicted mixed trend versus the major currencies in the global markets, they said.
OPEN MARKET RATES: The rupee was three paisa up against the dollar for buying and selling at 60.35 and 60.40, dealers said. The rupee, however, lost 15 paisa versus the euro for buying and selling at Rs 77.34 and Rs 77.44, dealers said.
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Buying Rs 60.35
Selling Rs 60.40
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Thursday.
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Buying Rs 60.41
Selling Rs 60.42
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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 9.30 8.75 9.40 8.93
1-Week 8.50 9.00 8.75 9.25 8.88
2-Weeks 8.50 8.90 8.75 9.00 8.79
1-Month 8.45 8.75 8.70 8.85 8.69
2-Months 8.50 8.80 8.75 8.90 8.74
3-Months 8.60 9.00 8.80 9.20 8.90
4-Months 8.65 9.00 8.85 9.25 8.94
5-Months 8.60 9.00 8.90 9.25 8.94
6-Months 8.70 9.00 8.90 9.25 8.96
9-Months 8.80 9.20 9.10 9.40 9.13
1-Year 8.85 9.25 9.10 9.40 9.15
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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 9.50 10.25 9.75 10.50 10.00
1-Week 9.50 10.00 9.75 10.25 9.88
2-Weeks 9.00 10.00 9.50 10.25 9.69
1-Month 9.25 9.75 9.50 10.00 9.63
2-Months 9.60 10.00 9.90 10.25 9.94
3-Months 9.65 10.00 10.20 10.50 10.09
4-Months 9.70 10.00 10.25 10.50 10.11
5-Months 9.75 10.25 10.30 10.75 10.26
6-Months 9.75 10.25 10.35 10.75 10.28
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 failed to maintain upward trend and lost its worth 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 overnight closing rates of Rs 60.35 and Rs 60.45 as its buying and selling rates, respectively. As a result of increase in dollar's demand, its rate moved up and closed at Rs 60.40 and Rs 60.50 on buying and selling sides, respectively, the dealers added.
Similarly, the local currency remained under pressure and further lost its value against the pound sterling. The British pound was purchased at Rs 114.60 and was sold at Rs 114.90 as compared to Rs 114.45 and Rs 114.80 of Wednesday, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of twin cities of Rawalpindi and Islamabad on Thursday.
The dollar opened at Rs 60.50 (buying) and Rs 60.60 (selling) against same overnight value. It did not observe further fluctuation by the end of second session and closed at Rs 60.50 (buying) and Rs 60.60 (selling).
Pound sterling opened at Rs 114 (buying) and Rs 114.20 (selling) against same overnight value. It did not witness any further change in the evening spell and closed at Rs 114 (buying) and Rs 114.20 (selling).
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