The rupee managed to extend its overnight gains against dollar and euro on the currency marke4t on Thursday, dealers said. The rupee picked up five paisa versus dollar at 85.10 for buying and it rose by six paisa for selling at 85.15, they added.
INTERBANK MARKET RATES: In the fourth Asian trade euro was supported after climbing the previous day against dollar on a fall in US bond yields, though many traders said it lacks the momentum to extend gains beyond a 12-week peak set last week. Federal Reserve Chairman Ben Bernanke gave no indication the central bank would cut short its bond buying programme, let alone raise interest rates down the road.
Indian rupee was at Rs 45.48 versus dollar, Malaysian ringgit was available at 3.0380 in terms of the greenback and Chinese yuan was trading at 6.5881 in relation to dollar.
OPEN MARKET RATES: The rupee gained 15 paisa in relation to dollar for buying and selling at 85.25 and 85.40, they added. The rupee also appreciated by 10 paisa against euro for buying and selling at Rs 115.95 and Rs 116.45, they said.
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Open Buying Rs 85.25
Open Selling Rs.85.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs.85.10
Selling Rs.85.15
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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 12.50 13.90 12.75 13.90 13.26
1-Week 11.70 12.90 12.70 13.00 12.58
2-Week 11.90 12.90 12.80 12.95 12.64
1-Month 12.00 12.95 12.90 13.00 12.71
2-Months 12.50 13.20 13.15 13.25 13.03
3-Months 12.90 13.25 13.20 13.30 13.16
4-Months 13.00 13.30 13.25 13.35 13.23
5-Months 13.20 13.45 13.40 13.50 13.39
6-Months 13.35 13.50 13.45 13.55 13.46
9-Months 13.40 13.60 13.50 13.65 13.54
1-Year 13.45 13.60 13.55 13.65 13.56
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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 12.50 13.90 12.75 13.95 13.28
1-Week 12.00 12.95 12.75 13.00 12.68
2-Week 12.40 13.00 12.90 13.10 12.85
1-Month 12.60 13.10 13.00 13.20 12.98
2-Months 12.90 13.30 13.25 13.35 13.20
3-Months 13.10 13.50 13.35 13.60 13.39
4-Months 13.25 13.65 13.45 13.75 13.53
5-Months 13.40 13.70 13.50 13.75 13.59
6-Months 13.40 13.75 13.65 13.90 13.68
9-Months 13.50 13.75 13.70 13.90 13.71
1-Year 13.50 13.80 13.75 13.90 13.74
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RUPEE IN LAHORE: The rupee showed strength and appreciated its worth by 20-paisa in relation to the greenback in the local currency market on Thursday.
According to the moneychangers, the diminishing dollar demand and supply situation helped local currency appreciation in the open market. The dollar commenced trading at Rs 85.50 and Rs 85.80, as its buying and selling rates but because of dull buying trend it could not sustain. At the end of trading the dollar move down and closed at Rs 85.30 and Rs 85.60 on buying and selling counters respectively, they added.
Similarly, the British pound remained under pressure in the open market on account of lack of buying support. The pound was purchased and sold at Rs 136.60 and Rs 137.30, as compared to overnight closing of Rs 136.70 and Rs 137.50, as its buying and selling rates, respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the currency exchange establishments of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 85.95 (buying) and Rs 86.15 (selling) against the same last rate. It did not observe further change in the evening session and closed at Rs 85.95 (buying) and Rs 86.15 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against the same previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).
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