The rupee managed to gain versus dollar on the currency market on Monday in process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee dropped by 18 paisa in terms of the US currency for buying at 86.25 and fell by 20 paisa for selling at 86.30, they said.
In the first Asian trade euro and dollar both plumbed record lows against the Swiss franc on Monday, with European bank stress tests shrugged off as not tough enough and fear ruling over debt problems plaguing the European Union and United States.
The franc has been the G10 currency of choice for investors and traders seeking relative safety and liquidity from concerns that the euro zone's sovereign debt crisis could become a solvency crisis, with Italian and Spanish bond yield spreads over German Bunds widening beyond 300 basis points.
The yuan ended slightly lower versus dollar after the People's Bank of China set a weaker mid-point, in line with a strong dollar as investors fretted about the euro debt crisis.
Indian rupee was trading at Rs 44.51 versus dollar and Malaysian ringgit was available at 3.0115 in terms of the US currency.
OPEN MARKET RATES: The rupee did not show any change in relation to the dollar for buying at 86.10 and it gained 10 paisa for selling at 86.20, they added.
While, the rupee managed to gain 44 paisa against euro for buying at Rs 121.00 and at Rs 121.50, they said.
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Open Buying Rs.86.10
Open Selling Rs.86.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Buying Rs.86.25
Selling Rs.86.30
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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 13.50 13.90 13.85 13.90 13.79
1-Week 12.90 13.50 13.50 13.55 13.36
2-Week 13.00 13.40 13.45 13.50 13.34
1-Month 13.00 13.40 13.40 13.45 13.31
2-Months 13.10 13.40 13.40 13.45 13.34
3-Months 13.15 13.40 13.40 13.45 13.35
4-Months 13.15 13.40 13.40 13.50 13.36
5-Months 13.20 13.45 13.45 13.55 13.41
6-Months 13.25 13.50 13.50 13.60 13.46
9-Months 13.30 13.60 13.60 13.70 13.55
1-Year 13.40 13.65 13.65 13.75 13.61
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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 13.50 13.90 13.85 13.90 13.79
1-Week 13.00 13.50 13.50 13.60 13.40
2-Week 13.10 13.50 13.50 13.60 13.43
1-Month 13.15 13.45 13.45 13.50 13.39
2-Months 13.15 13.45 13.45 13.50 13.39
3-Months 13.20 13.50 13.45 13.60 13.44
4-Months 13.20 13.50 13.50 13.65 13.46
5-Months 13.25 13.55 13.50 13.65 13.49
6-Months 13.30 13.60 13.50 13.65 13.51
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
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RUPEE IN LAHORE: The rupee remained under pressure and lost 10-paisa on buying side and 15-paisa on selling side against the US dollar in the local currency market on Monday.
According to the currency dealers, the dollar was opened on a positive sign and appreciated its worth following fresh buying. At the end of trading, the dollar was closed higher at Rs 86.00 and Rs 86.20 against the last Saturday closing of Rs 85.90 and Rs 86.05, respectively.
Similarly, the rupee showed weakness and was declined on buying side while it remained unchanged on selling side in relation to the pound sterling. The pound was purchased and sold at Rs 138.00 and Rs 138.60 compared with previous closing of Rs 137.80 and Rs 138.60, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar resumed trading at Rs 86.00 (buying) and Rs 86.25 (selling) against same overnight value. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.25 (selling).
Pound Sterling opened at Rs 138.30 (buying) and Rs 138.45 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 138.30 (buying) and Rs 138.45 (selling).
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