The rupee improved with sharp gain against dollar on the interbank market on Saturday, rising 75 paisa for buying and selling at 80.70 and 80.80 in a single day rally, money experts said. The rupee appreciation versus the dollar was expected and it is most likely that the local currency may extend gains in the coming days, they said.
At the final session in the NY market, the US dollar recorded its biggest monthly gain against a basket of currencies in more than 17 years, boosted by month-end demand and concerns about a deteriorating global economy. The yen parted with most of its gains against dollar, but traded sharply higher against euro as investors remained averse to risk after bleak US economic reports heightened global recession fears.
OPEN MARKET RATES: The rupee depicted gain of 35 paisa against the dollar at 82.50 and it also rose by 30 paisa for selling level for selling at 83.30, they said. The rupee also rose by 30 paisa against euro for buying and selling at Rs 105.05 and Rs 106.05, they said.
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Open Buying Rs 82.50
Open Selling Rs 83.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
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Buying Rs 80.70
Selling Rs 80.80
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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 11.50 12.90 11.75 12.90 12.26
1-Week 11.75 12.00 12.00 12.15 11.98
2-Week 11.85 12.00 12.00 12.20 12.01
1-Month 11.90 12.10 12.20 12.30 12.13
2-Months 12.25 12.45 12.40 12.55 12.41
3-Months 12.25 12.50 12.40 12.60 12.44
4-Months 12.35 12.50 12.45 12.55 12.46
5-Months 12.40 12.55 12.50 12.60 12.51
6-Months 12.50 12.60 12.55 12.65 12.58
9-Months 12.50 12.65 12.60 12.70 12.61
1-Year 12.55 12.65 12.65 12.75 12.65
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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 14.00 18.00 14.00 19.00 16.25
1-Week 14.50 17.00 15.00 18.00 16.13
2-Week 14.50 17.00 15.00 18.00 16.13
1-Month 14.50 16.00 15.00 16.50 15.50
2-Months 15.00 16.00 15.50 16.50 15.75
3-Months 15.00 16.50 15.50 17.00 16.00
4-Months 15.50 16.50 16.00 17.00 16.25
5-Months 15.50 17.00 16.00 17.50 16.50
6-Months 15.50 17.00 16.00 17.50 16.50
9-Months 16.00 17.50 16.50 18.00 17.00
1-Year 16.00 17.50 17.00 18.50 17.25
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RUPEE IN LAHORE: The Pak rupee recovered its day earlier loss and increased by 50 paisa against the US dollar in the open currency market on Saturday. The dollar's demand could not remain intact that helped rupee recovery against the greenback. The dollar declined to Rs 83.00 and Rs 84.00 on buying and selling sides against the Friday closing of Rs 83.50 and Rs 84.50, respectively. The moneychangers were of the view that dollar could sustain at the present level during the next week. Similarly the rupee maintained upward slide and further appreciated against the British pound. The pound's buying and selling rates reduced to Rs 134.50 and Rs 137.00 as compared to last day closing of Rs 135.50 and Rs 138.00, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi on Saturday. The dollar opened at Rs 83.00 (buying) and Rs 83.50 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 83.00 (buying) and Rs 83.50 (selling). Pound Sterling opened at Rs 135.00 (buying) and Rs 136.00 (selling) against the last rate of Rs 136.00 (buying) and Rs 137.00 (selling). It did not observe further change in the second session and closed at Rs 136.00 (buying) and Rs 137.00 (selling).
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