Firmness prevailed on the currency market on Saturday as the rupee retained its overnight level against dollar for buying at 80.50 while it inched up after gaining three paisa for selling at 80.52, dealers said. The rupee managed to hold its level as supply of dollars was enough to meet the rising demand by the importers, they said.
At the week-end, the dollar rebounded in the NY trade, but still recorded its biggest weekly slide since 1985 as the Federal Reserves plans to buy long-term government debt stoked fear about the erosion of the US currency. The Fed shocked financial markets this week when it said it would buy some $1 trillion of government and mortgage-backed debt in a bid to cut interest rates and kick-start lending.
OPEN MARKET RATES: The rupee did not show any change against dollar for buying and selling at 80.30 and 80.60, they said. The rupee, recovered 75 paisa versus euro for buying at 108.10 and it also gained 50 paisa for selling at Rs 109.50, they added.
================================
Open Buying Rs 80.30
Open Selling Rs 80.60
================================
Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
==============================
Buying Rs 80.50
Selling Rs 80.52
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 3.00 13.25 4.00 13.50 8.44
1-Week 10.50 11.50 11.00 12.00 11.25
2-Week 11.50 11.75 11.75 12.00 11.75
1-Month 11.75 12.00 12.00 12.20 11.99
2-Months 11.25 11.40 11.40 11.50 11.39
3-Months 11.25 11.50 11.40 11.60 11.44
4-Months 11.30 11.50 11.45 11.65 11.48
5-Months 11.40 11.60 11.50 11.70 11.55
6-Months 11.45 11.60 11.55 11.70 11.58
9-Months 11.50 11.65 11.60 11.75 11.63
1-Year 11.50 11.65 11.60 11.75 11.63
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 4.00 13.50 5.00 14.00 9.13
1-Week 11.00 12.50 11.50 13.00 12.00
2-Week 12.00 13.00 12.50 13.50 12.75
1-Month 12.00 12.75 12.50 13.00 12.56
2-Months 12.10 12.75 12.50 13.00 12.59
3-Months 12.10 13.00 12.25 13.25 12.65
4-Months 12.25 13.00 12.50 13.25 12.75
5-Months 12.50 13.25 12.75 13.50 13.00
6-Months 12.75 13.50 13.00 13.75 13.25
9-Months 12.75 13.75 13.00 14.00 13.38
1-Year 13.00 13.75 13.25 14.00 13.50
=================================================================
RUPEE IN LAHORE: The rupee lost 10 paisa against dollar in Lahore currency market on Saturday at Rs 80.30 and Rs 80.60 for buying and selling, respectively, against Fridays Rs 80.20 and Rs 80.50, dealers said.However, the rupee-pound sterling parity remained unchanged at overnight closing level. The pond was purchased and sold at Rs 114.50 and Rs 115.50 respectively. The pound recorded fractional change in its value during the days trading but finally closed at the opening level, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi on Saturday. The dollar opened at Rs 80.20 (buying) and Rs 80.30 (selling) against the same last rate. It did not depict further change in the evening session and closed at Rs 80.20 (buying) and Rs 80.30 (selling). Pound sterling opened at Rs 112 (buying) and Rs 113 (selling) against the last rate of Rs 113 (buying) and Rs 114 (selling). It did not observe further change in the evening session and closed at Rs 112 (buying) and Rs 113 (selling).
Comments
Comments are closed.