The rupee maintained its climb, gaining sharply against dollar on the currency market on Tuesday, dealers said. The rupee rose by eight paisa in relation to dollar for buying and selling at 86.12 and 86.16, they said. Some improvement in the supply of dollars helped the rupee to make sharp gains versus US currency, they said.
INTERBANK MARKET RATES: In the second Asian trade yen fell after the Bank of Japan unexpectedly trimmed its rate target and launched a fund to buy assets, while the Australian dollar tumbled after Australia's central bank surprised by not raising rates. The yen had softened ahead of the Bank of Japan decision, with a newspaper reporting that it would consider expanding its asset purchases but the decision still surprised the market.
Interbank buy/sell rates for taka: against the dollar on Tuesday. 70.5150/70.5200 (previous 70.5450/70.5500) Call Money Rates: 3.75-6.00 percent (previous 3.75-6.50 percent). The Indian rupee was trading at Rs 44.58 versus dollar, Malaysian ringgit was available at 3.1005 in terms of the US currency and Chinese yuan was available at 6.6905 in terms of the greenback.
OPEN MARKET RATES: The rupee appreciated by 10 paisa against dollar for buying at 86.25 and it also rose by 15 paisa for selling at 86.40, they said. The rupee, however, fell sharply versus euro, losing 61 paisa for buying and selling at Rs 117.96 and Rs 118.46, they added.
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Open Buying Rs 86.25
Open Selling Rs 86.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Buying Rs 86.12
Selling Rs.86.16
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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 10.75 11.75 11.00 12.00 11.38
1-Week 11.10 11.60 11.60 11.75 11.51
2-Week 11.25 12.00 12.10 12.25 11.90
1-Month 11.70 12.40 12.40 12.55 12.26
2-Months 12.20 12.50 12.50 12.70 12.48
3-Months 12.30 12.70 12.60 12.75 12.59
4-Months 12.50 12.75 12.75 12.85 12.71
5-Months 12.65 12.90 12.85 13.00 12.85
6-Months 12.75 12.90 12.90 13.00 12.89
9-Months 12.75 13.00 12.95 13.10 12.95
1-Year 12.80 13.00 13.00 13.15 12.99
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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 10.75 11.75 11.00 12.00 11.38
1-Week 11.25 11.70 11.60 11.80 11.59
2-Week 11.40 12.25 12.25 12.40 12.08
1-Month 12.25 12.60 12.50 12.70 12.51
2-Months 12.40 12.80 12.75 12.90 12.71
3-Months 12.50 13.00 12.85 13.10 12.86
4-Months 12.60 13.00 13.00 13.10 12.93
5-Months 12.70 13.10 13.10 13.20 13.03
6-Months 12.80 13.25 12.90 13.35 13.08
9-Months 12.90 13.30 13.10 13.40 13.18
1-Year 13.10 13.40 13.20 13.45 13.29
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RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged on buying side, while it improved 10-paisa on selling side against the dollar in the open currency market on Tuesday.
According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 86.40 and Rs 86.80 on buying and selling side, respectively. The dollar's buying rate remained intact at Rs 86.40, while its selling rate, in the absence of buying support, was declined to Rs 86.70.
Similarly, the rupee maintained upward slide and further appreciated against the British pound. The pound's buying and selling rates were decreased from last day closing of Rs 135.50 and Rs 136.60 to Rs 135.30 and Rs 136.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar resumed trading at Rs 86.05 (buying) and Rs 86.60 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 86.05 (buying) and Rs 86.60 (selling).
Pound Sterling opened at Rs 134 (buying) and Rs 135 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 134 (buying) and Rs 135 (selling).
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