The rupee moved both ways against dollar on the currency market on Thursday in process of trading, dealers said. The rupee shed eight paisa for buying and selling at 85.32 and 85.37, they said. In the fourth Asian trade yen hit a fresh 10-month low versus euro and touched a three-week trough against dollar as expectations mounted that Japan would lag the euro zone and US central banks in raising interest rates.
INTER-BANK MARKET RATES: The dollar's advance slowed into the Asian afternoon with the March 11 high of 83.30 yen proving tough resistance, while selling by Japanese banks and foreign players along with some fiscal year-end yen demand from Japanese exporters pushing the pair close to the 100-day moving average around 82.60. The yen was unable to recover strongly, however, as hawkish comments by euro zone and US central bank officials reinforced the view that the global economic recovery is on track, bolstering risk-friendly sentiment at the end of a volatile quarter.
Indian rupee was trading at Rs 44.75 versus dollar, Malaysian ringgit was at 3.0250 against the greenback and Chinese yuan was available at 6.5562 in terms of the US currency.
Inter-bank buy/sell rates for taka against dollar on Thursday: 72.75/72.80 (previous 72.75/72.80). Call Money Rates: 4.00-6.00 percent (previous 3.50-8.00 percent).
OPEN MARKET RATES: The rupee shed five paisa in relation to dollar for buying at 85.20 while it did not show any change for selling at 85.35, they added. The rupee also dropped sharply against euro, losing Rs 1.19 for buying and selling at Rs 120.87 and Rs 121.37, they said.
========================
Open Buying Rs.85.20
Open Selling Rs.85.35
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
========================
Buying Rs.85.32
Selling Rs.85.37
========================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 13.90 13.90 13.90 13.90 13.90
1-Week 11.50 13.50 13.40 13.60 13.00
2-Week 11.60 13.30 13.30 13.40 12.90
1-Month 11.90 13.20 13.25 13.30 12.91
2-Months 12.40 13.25 13.25 13.35 13.06
3-Months 12.90 13.25 13.30 13.40 13.21
4-Months 13.00 13.30 13.30 13.45 13.26
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
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 13.90 13.90 13.90 13.95 13.91
1-Week 12.30 13.60 13.40 13.70 13.25
2-Week 12.40 13.50 13.35 13.60 13.21
1-Month 12.70 13.40 13.35 13.50 13.24
2-Months 13.00 13.45 13.35 13.50 13.33
3-Months 13.10 13.60 13.40 13.70 13.45
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 13.50 13.75 13.70 13.90 13.71
9-Months 13.60 13.80 13.75 13.95 13.78
1-Year 13.50 13.90 13.80 14.00 13.80
=================================================================
RUPEE IN LAHORE: The Pak rupee maintained downward slide and lost five-paisa on buying counter, while it remained unchanged on selling counter in relation to the greenback in the open currency market on Thursday.
According to the currency dealers, the dollar resumed trading at its Wednesday closing of Rs 85.15 and Rs 85.35 on buying and selling sides, respectively. However, at the end of trading, the dollar was marginally improved on buying side to Rs 85.20, while its selling rate stayed unchanged at Rs 85.40, the dealers said.
On the contrary, the rupee failed to maintain upward slide and declined against the British pound. The pound was purchased and sold at Rs 136.80 and Rs 137.60, as compared to overnight closing of Rs 136.50 and Rs 137.30, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained unchanged against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar resumed trading at Rs 85.25 (buying) and Rs 85.35 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.25 (buying) and Rs 85.35 (selling).
Pound Sterling opened at Rs 136.40 (buying) and Rs 137.50 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.40 (buying) and Rs 137.50 (selling).
Comments
Comments are closed.