The rupee failed to resist further slide against dollar on the interbank market on Saturday, falling nine paisa for buying and selling at 79.99 and 80.02, dealers said. The dollar maintained its climb over the rupee as importers were active to meet the payment requirements, they said.
In the New York market at the weekend dollar climbed broadly as a sharp contraction in the US economy, US stocks trading near 12-year lows and a new rescue attempt for Citigroup fueled safe-haven buying of the greenback. Meanwhile, the Japanese yen rebounded from sharp weekly losses as month-end and repatriation flows gave some support to the currency, analysts said.
OPEN MARKET RATES: The rupee gained 10 paisa against dollar for buying at 79.70 while it did not show any change for selling at 80.20, they said. The rupee rose by 50 paisa in relation to euro for buying and selling at Rs 101.00 and Rs 103.00, they added.
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Buying Rs 79.99
Selling Rs 80.02
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
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Open Buying Rs 79.70
Open Selling Rs 80.20
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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 8.00 11.50 9.00 12.00 10.13
1-Week 9.25 10.50 9.50 10.75 10.00
2-Week 9.50 10.25 9.75 10.50 10.00
1-Month 10.25 10.75 10.50 11.00 10.63
2-Months 10.75 11.25 11.25 11.50 11.19
3-Months 11.00 11.40 11.40 11.60 11.35
4-Months 11.25 11.60 11.40 11.75 11.50
5-Months 11.50 11.75 11.75 11.90 11.73
6-Months 11.50 11.75 11.75 12.00 11.75
9-Months 11.75 12.00 11.90 12.25 11.98
1-Year 11.90 12.20 12.10 12.40 12.15
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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 9.00 12.50 9.50 13.00 11.00
1-Week 10.00 11.50 10.50 12.00 11.00
2-Week 10.25 11.50 10.75 12.00 11.13
1-Month 11.00 11.75 11.50 12.00 11.56
2-Months 12.25 13.00 12.75 13.25 12.81
3-Months 12.75 13.50 13.25 14.00 13.38
4-Months 12.75 13.50 13.25 14.00 13.38
5-Months 12.90 13.60 13.25 13.90 13.41
6-Months 13.00 13.90 13.50 14.10 13.63
9-Months 13.75 14.25 14.25 14.50 14.19
1-Year 14.00 14.50 14.50 14.90 14.48
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RUPEE IN LAHORE: The rupee lost 10 paisa on buying side and 20 paisa on selling side against the dollar in Lahore currency market on Saturday.The dollar closed at Rs 80.00 and Rs 80.50 as its buying and selling rates as compared to Friday's Rs 79.90 and Rs 80.30 respectively, currency dealers said.
However, the rupee improved its worth on buying side while it remained unchanged on selling side against pound sterling. The pound was traded at Rs 113.00 and Rs 114.50 against the overnight closing of Rs 113.50 and Rs 114.50, respectively, dealers said.
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