The rupee-dollar parity rates on Friday remained high in the interbank market as all leading banks were busy with payments, experts observed.
The rupee shed one paisa versus dollar for buying and selling at Rs 58.45 and Rs 58.48 amid tight dollar supply position, they added.
Despite completion of all big payments, there are some still in hand and increasing dollars demand, they said.
In the world markets, in the absence of fresh leads, the dollar traded in a tight range versus other major currencies, overseas moneychangers said, adding that the greenback might remain firm on expectations of recovery in the US economy.
OPEN MARKET RATES: Rising demand for dollars from the interbank market pushed the rupee value down, which shed three paisa versus the greenback for buying and selling at Rs 58.43 and Rs 58.48, dealers said.
Versus the euro, the rupee managed to gain 15 paisa for buying and selling at Rs 70.10 and Rs 70.40 on the back of its fall in the international markets, they added.
================================
Kerb Buying Rs 58.43
Kerb Selling Rs 58.48
================================
INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
==============================
Buying Rs 57.94
Selling Rs 57.95
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 0.50 3.00 1.00 3.50 2.00
1-Week 1.25 1.50 1.75 2.00 1.63
2-Week 3.00 3.25 3.50 3.75 3.38
1-Month 2.25 2.50 2.75 3.00 2.63
2-Months 2.25 2.50 2.75 3.00 2.63
3-Months 2.50 2.75 3.00 3.25 2.88
4-Months 2.75 3.00 3.25 3.50 3.13
5-Months 2.75 3.00 3.25 3.50 3.13
6-Months 2.75 3.00 3.25 3.50 3.13
9-Months 3.00 3.25 3.50 3.75 3.38
1-Year 3.25 3.50 3.75 4.00 3.63
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 0.75 3.25 1.25 3.75 2.25
1-Week 1.50 1.75 2.00 2.25 1.88
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 2.50 2.75 3.00 3.25 2.88
2-Month 2.50 2.75 3.00 3.25 2.88
3-Month 2.75 3.00 3.25 3.50 3.13
4-Month 3.00 3.25 3.50 3.75 3.38
5-Month 3.00 3.25 3.50 3.75 3.38
6-Month 3.00 3.25 3.50 3.75 3.38
9-Month 3.25 3.50 3.75 4.00 3.63
1-Year 3.50 3.75 4.00 4.25 3.88
=================================================================
RUPEE IN LAHORE: The rupee marginally recovered its overnight loss and improved by five paisa amid a sluggish trading trend, in relation to the greenback in the local currency market on Friday.
The dollar resumed trading at its overnight closing level of Rs 58.55 and Rs 58.65 as its buying and selling rates, respectively.
As soon as the trading commenced, the investors, in order to pocket the margin, started offloading, which provided strength to the local currency.
As a result, the dollar moved down and finally closed at Rs 58.50 and Rs 58.60 on buying and selling sides, respectively, the currency dealers said.
Likewise, the rupee also came out of pressure and appreciated its worth against the pound sterling. The pound was purchased at Rs 107.20 and was sold at Rs 107.60 as compared to its overnight closing of Rs 107.30 and Rs 107.80, respectively, the dealers reported.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 58.40 (buying) and Rs 58.50 (selling) against the same previous rate. It did not observe any further change in the second session and closed at Rs 58.40 (buying) and Rs 58.50 (selling).
Pound sterling opened at Rs 107 (buying) and Rs 107.20 (selling) against same overnight value. It did not observe any further change in the second session and closed at Rs 107 (buying) and Rs 107.20 (selling).
Canadian dollar opened at Rs 42.60 (buying) and Rs 42.80 (selling) against the same previous rate. The Canadian currency did not observe any further change in the second spell and closed at Rs 42.60 (buying) and Rs 42.80 (selling).
Comments
Comments are closed.