The rupee maintained its surge against dollar on the interbank market on Friday, gaining 10 paisa for buying at 84.80 and rose by nine paisa at 84.85 for selling, they said. The rupee strengthened on easy supply of dollar and it looks that the local currency may resist sharp fall versus the US currency in the coming days, they said.
In the final session in Asia, euro softened across the board on Friday, weighed by disappointment among investors over lack of detail from the European Union on helping debt-laden Greece. Commodity-linked currencies such as the Australian dollar remained buoyant but trimmed some gains made following Chinese inflation numbers the previous day, which fuelled hopes China may not need to be too aggressive in near-term on tightening.
OPEN MARKET RATES: The rupee also picked up 40 paisa versus dollar for buying and selling at 85.90 and 86.10, dealers said.
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Buying Rs 84.80
Selling Rs 84.85
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Open Buying Rs 85.90
Open Selling Rs 86.10
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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 12.25 12.40 12.30 12.40 12.34
1-Week 11.60 12.10 12.05 12.15 11.98
2-Week 11.65 12.05 12.00 12.10 11.95
1-Month 11.65 12.05 12.00 12.10 11.95
2-Months 11.70 11.95 11.95 12.05 11.91
3-Months 11.75 11.95 11.95 12.05 11.93
4-Months 11.80 12.00 12.00 12.05 11.96
5-Months 11.80 12.00 12.00 12.05 11.96
6-Months 11.85 12.00 12.00 12.05 11.98
9-Months 11.85 12.00 12.00 12.10 11.99
1-Year 11.95 12.05 12.05 12.15 12.05
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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 12.25 12.40 12.30 12.45 12.35
1-Week 11.75 12.15 12.00 12.20 12.03
2-Week 11.85 12.10 12.00 12.15 12.03
1-Month 11.80 12.10 12.00 12.15 12.01
2-Months 11.90 12.10 12.10 12.20 12.08
3-Months 11.90 12.20 12.10 12.25 12.11
4-Months 12.00 12.20 12.15 12.25 12.15
5-Months 12.00 12.25 12.10 12.30 12.16
6-Months 12.00 12.25 12.15 12.30 12.18
9-Months 12.10 12.25 12.20 12.30 12.21
1-Year 12.15 12.30 12.25 12.40 12.28
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading activity in the local currency market on Friday.
According to the currency dealers, the dollar's demand and supply situation remained intact that helped rupee stability. The dollar was traded at overnight closing level of Rs 86.00 and Rs 86.50, as its buying and selling rates, respectively.
However, the rupee showed strength and continued to rise against the British pound. The pound was purchased and sold at Rs 134.50 and Rs 135.50, as compared to Thursday closing of Rs 135.00 and Rs 136.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 86.50 (buying) and Rs 86.60 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 86.50 (buying) and Rs 86.60 (selling).
Pound Sterling opened at Rs 135.00 (buying) and Rs 136.00 (selling) against the last rate. British currency did not witness further change in the second session and closed at Rs 135.00 (buying) and Rs 136.00 (selling).
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