The rupee continued weak against dollar on the interbank market on Wednesday, sliding 16 paisa for buying at 84.50 and it also fell by 17 paisa for selling at 85.55, dealers said. Persistent fall in the rupee's value is giving an impression that the national currency may continue its slide versus the US currency, they said.
In the third Asian trade dollar held near a two-month high on euro as investors waited to see if the Federal Reserve would offer hints on when tightening might start, while the Australian dollar fell as expectations of aggressive hikes faltered.
OPEN MARKET RATES: The rupee dropped five paisa at 84.50 and 84.60 versus the dollar for buying and selling, dealers said. The rupee also lost 10 paisa in terms of euro for buying and selling at Rs 121.85 and Rs 122.35, they said.
==============================
Open Buying Rs 84.50
Open Selling Rs.84.60
==============================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
==============================
Buying Rs.84.50
Selling Rs.84.55
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.15 12.40 12.25 12.40 12.30
1-Week 12.00 12.10 12.15 12.20 12.11
2-Week 12.00 12.00 12.10 12.15 12.06
1-Month 11.95 12.05 12.10 12.15 12.06
2-Months 11.80 12.00 12.00 12.15 11.99
3-Months 11.80 12.10 11.90 12.15 11.99
4-Months 11.85 12.10 12.00 12.15 12.03
5-Months 11.90 12.05 12.00 12.15 12.03
6-Months 11.90 12.10 12.00 12.15 12.04
9-Months 11.90 12.10 12.00 12.15 12.04
1-Year 11.90 12.10 12.10 12.20 12.08
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.15 12.40 12.20 12.40 12.29
1-Week 12.10 12.25 12.15 12.30 12.20
2-Week 12.00 12.15 12.10 12.25 12.13
1-Month 12.00 12.25 12.15 12.30 12.18
2-Months 12.00 12.25 12.15 12.30 12.18
3-Months 12.00 12.25 12.15 12.30 12.18
4-Months 12.10 12.25 12.15 12.30 12.20
5-Months 12.10 12.30 12.20 12.35 12.24
6-Months 12.15 12.30 12.25 12.35 12.26
9-Months 12.15 12.40 12.35 12.45 12.34
1-Year 12.25 12.45 12.40 12.50 12.40
=================================================================
RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid sluggish trading trend in the local currency market on Wednesday. According to the moneychangers, there was no change in the dollar's demand and supply condition that remained intact at last day level. The dollar resumed trading at Tuesday closing of Rs 84.35 and Rs 84.70 as its buying and selling rates, respectively.
The opening rates continued to prevail throughout the day in the absence of fresh demand, the currency dealers said. However, the rupee could not get out of the pressure and further declined against the pound sterling. The pound's buying and selling rates were further improved to Rs 137.20 and Rs 138.20, as compared to last closing of Rs 137.00 and Rs 138.00, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday. The dollar opened at Rs 84.00 (buying) and Rs 84.10 (selling) against the last rate. It did not observe further change in the last trading hours and closed at Rs 84.00 (buying) and Rs 84.10 (selling).
Pound Sterling opened at Rs 135.60 (buying) and Rs 135.90 (selling) against the rate of Rs 135.50 (buying) and Rs 135.80 (selling). It did not observe any further change in the second session and closed at Rs 135.60 (buying) and Rs 135.90 (selling).
Comments
Comments are closed.