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The rupee on Friday shed three paisa versus the dollar in the interbank market for buying and selling at Rs 57.31 and Rs 57.34, respectively.
Slight increase in demand pushed the rupee down in the interbank market, dealers said. In the meantime, they were hoping that the rupee would show firmness versus the greenback.
The dollar fluctuated slightly versus the leading currencies in the world markets in the absence of leading factors.
KERB MARKET RATES: The rupee did not show major variation versus the dollar for buying and selling at Rs 57.30 and Rs 57.40, respectively.
It, however, recovered five paisa in relation to the euro for buying and selling at Rs 73.22 and Rs 73.52, respectively.

================================
Kerb Buying Rs 57.30
Kerb Selling Rs 57.40
================================

INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.

==============================
Buying Rs 57.31
Selling Rs 57.34
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 6.00 7.40 7.00 7.45 6.96
1-Week 3.60 3.80 4.00 4.20 3.90
2-Week 2.75 3.00 3.15 3.25 3.04
1-Month 1.70 1.90 2.10 2.20 1.98
2-Month 1.60 1.80 2.00 2.20 1.90
3-Month 1.55 1.65 1.90 2.10 1.80
4-Month 1.60 1.80 2.00 2.20 1.90
5-Month 1.70 1.90 2.10 2.30 2.00
6-Month 1.70 1.90 2.10 2.30 2.00
9-Month 1.90 2.10 2.30 2.50 2.20
1-Year 2.10 2.30 2.50 2.70 2.40
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 6.50 7.40 7.20 7.50 7.15
1-Week 3.75 4.00 4.25 4.50 4.13
2-Week 2.90 3.10 3.30 3.50 3.20
1-Month 1.90 2.10 2.30 2.50 2.20
2-Month 1.80 2.00 2.20 2.40 2.10
3-Month 1.70 1.90 2.10 2.30 2.00
4-Month 1.80 2.00 2.20 2.40 2.10
5-Month 1.90 2.10 2.30 2.50 2.20
6-Month 1.90 2.10 2.30 2.50 2.20
9-Month 2.00 2.20 2.40 2.60 2.30
1-Year 2.30 2.50 2.70 2.90 2.60
=================================================================

RUPEE IN LAHORE: The rupee-dollar parity remained unchanged amid sluggish trading in Lahore currency market on Friday.
According to currency dealers, the dollar resumed trading at overnight closing level of Rs 57.25 and Rs 57.35 as its buying and selling rates, respectively.
The opening rates continued throughout the day. Due to lack of fluctuation in the greenback value, trading turnover remained considerably low, dealers added.
The local currency marginally recovered its earlier losses against pound sterling. The pound was traded at Rs 107.90 and Rs 108.20 as compared to Thursday's closing rates of Rs 108.00 and Rs 108.40, on buying and selling sides, respectively. dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against rupee remained unchanged at the currency markets of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 57.30 (buying) and Rs 57.40 (selling) against same overnight value. It did not observe any further change in the evening session and closed at Rs 57.30 (buying) and Rs 57.40 (selling) respectively.
Pound sterling opened at Rs 108 (buying) and Rs 108.40 (selling) against last rate of Rs 107 (buying) and Rs 107 (selling) respectively.
It did not observe any further change in the second session and closed at Rs 108 (buying) and Rs 108.40 (selling) respectively.
Canadian dollar opened at Rs 44 (buying) and Rs 44.10 (selling) against same previous rate. Canadian currency did not observe any further change in the evening session and closed at Rs 44 (buying) and Rs 44.10 (selling) respectively.
Copyright Business Recorder, 2004

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