Range-bound trading was seen on the interbank market on Saturday as the rupee shed two paisa against dollar for buying at 79.20 while it did not move any side for selling at 79.22, dealers said. No big variation was seen in the rates during the rush hours but it is likely that the rupee may not retain its firmness against dollar in days to come, they said.
In the New York the US dollar rose versus yen as a report showing deterioration in the US labour market boosted investors' expectations for further government intervention to stimulate the economy.
OPEN MARKET RATES: The rupee maintained its overnight levels against dollar for buying and selling at 79.10 and 79.30, they said. Meanwhile the rupee moved both ways versus euro as it shed 30 paisa for buying at 102.30 and it, however, rose by 70 paisa for selling at Rs 103.30, they said.
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Open Buying Rs 79.10
Open Selling Rs 79.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
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Buying Rs 79.20
Selling Rs 79.22
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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 9.00 11.00 9.50 11.50 10.25
1-Week 9.00 9.75 10.00 10.25 9.75
2-Week 10.00 11.00 10.50 11.25 10.69
1-Month 10.75 11.00 11.25 11.50 11.13
2-Months 12.00 12.40 12.40 12.60 12.35
3-Months 12.50 12.90 12.90 13.15 12.86
4-Months 12.75 13.00 13.10 13.20 13.01
5-Months 12.90 13.00 13.20 13.25 13.09
6-Months 13.00 13.25 13.20 13.35 13.20
9-Months 13.40 13.60 13.60 13.75 13.59
1-Year 13.50 13.75 13.60 13.90 13.69
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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 11.00 14.00 12.00 15.00 13.00
1-Week 9.50 11.00 10.00 12.00 10.63
2-Week 10.50 11.25 11.00 11.50 11.06
1-Month 11.50 12.50 12.00 13.00 12.25
2-Months 12.75 13.50 13.25 13.75 13.31
3-Months 13.50 14.00 13.75 14.50 13.94
4-Months 13.75 14.50 14.25 14.75 14.31
5-Months 14.00 14.50 14.50 14.75 14.44
6-Months 14.25 14.75 14.75 15.00 14.69
9-Months 14.50 15.00 14.75 15.25 14.88
1-Year 14.75 15.25 15.00 15.50 15.13
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RUPEE IN LAHORE: The dollar-rupee parity remained unchanged amid low trading turnover in Lahore currency market on Saturday. According to moneychangers, the dollar was traded at Friday's closing levels of Rs 79.00 and Rs 79.50 on buying and selling counters, respectively.
On the other hand, the rupee showed weakness in relation to British pound. The pound's buying and selling rates moved up from Friday's closing of Rs 114.00 and Rs 115.00 to Rs 115.00 and Rs 116.00, respectively. There was a variation in the pound's quotations as some of the moneychangers quoted Rs 115.75 as its selling rate.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the currency markets of Islamabad and Rawalpindi on Saturday. The dollar opened at Rs 78.80 (buying) and Rs 78.90 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 78.80 (buying) and Rs 78.90 (selling).
Pound sterling opened at Rs 114.50 (buying) and Rs 115.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 114.50 (buying) and Rs 115.50 (selling).
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