The rupee resisted sharp fall against the dollar on the local currency market on Monday in process of trading, experts said. On the interbank market the rupee recovered five paisa against dollar for buying and selling at 84.65 and 84.70, they said. In the first session of Asia yen was under pressure while demand for higher-yielding currencies was robust after better-than-expected US jobs data supported optimism about an economic recovery.
The yen fell broadly, with traders citing yen-selling flows from hedge funds. Currencies such as the Australian dollar rose against yen, getting a boost from a rise in demand for equities and other risky assets.
OPEN MARKET RATES: The rupee failed to maintain its firmness, losing 15 paisa for buying and selling at 84.75 and 84.95, dealers said. The rupee followed the same pattern in terms of euro, falling 15 paisa for buying and selling at Rs 114.55 and Rs 115.05, they added.
==============================
Buying Rs 84.65
Selling Rs.84.70
==============================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
==============================
Open Buying Rs.84.75
Open Selling Rs.84.95
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.00 12.40 12.10 12.40 12.23
1-Week 11.40 12.10 12.00 12.15 11.91
2-Week 11.45 12.05 12.00 12.15 11.91
1-Month 11.50 12.00 12.00 12.10 11.90
2-Months 11.65 12.05 12.00 12.10 11.95
3-Months 11.80 12.05 12.05 12.10 12.00
4-Months 11.80 12.10 12.10 12.15 12.04
5-Months 11.85 12.10 12.10 12.20 12.06
6-Months 11.85 12.10 12.10 12.20 12.06
9-Months 11.85 12.10 12.10 12.20 12.06
1-Year 11.95 12.10 12.10 12.20 12.09
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.10 12.40 12.25 12.40 12.29
1-Week 11.50 12.15 12.00 12.25 11.98
2-Week 11.70 12.10 12.00 12.20 12.00
1-Month 11.80 12.15 12.00 12.20 12.04
2-Months 11.90 12.10 12.15 12.20 12.09
3-Months 11.90 12.20 12.15 12.25 12.13
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
=================================================================
RUPEE IN LAHORE: The rupee opened the week on a positive note, as it appreciated its worth by 10-paisa in relation to the greenback at Lahore currency market.
According to moneychangers, the dollar was traded at Rs 84.90 and Rs 85.20 against Saturday's Rs 85.00 and Rs 85.30 on buying and selling counters, respectively. The appreciation in the value of local currency was owing to sufficient availability of the dollar in the local kerb. Similarly, the rupee appreciated against pound sterling. The British pound was purchased and sold at Rs 128.00 and Rs 128.70 as compared to Saturday's Rs 128.50 and Rs 129.50, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency markets of Islamabad and Rawalpindi on Monday.
The dollar opened at Rs 84.40 (buying) and Rs 84.50 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 84.40 (buying) and Rs 84.50 (selling).
Pound sterling opened at Rs 125.50 (buying) and Rs 126.50 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 125.50 (buying) and Rs 126.50 (selling).
Comments
Comments are closed.