The rupee on Saturday lost two paisa in relation to dollar in the interbank market for buying and selling at Rs 57.96 and Rs 57.97, dealers said.
Buying pressure continued in the interbank market which kept the rates low, they added.
In the world markets, the dollar drifted lower versus leading currencies, they said.
OPEN MARKET: The rupee lost 80 paisa versus euro for buying and selling at Rs 70.90 and Rs 71.20, moneychangers said.
The rupee managed to recover three paisa versus dollar for buying and selling at Rs 58.40 and Rs 58.45, they added.
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Kerb Buying Rs 58.40
Kerb Selling Rs 58.45
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 57.96
Selling Rs 57.97
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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 0.50 2.00 1.00 2.50 1.50
1-Week 1.00 1.25 1.50 1.75 1.38
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 2.30 2.50 2.70 2.90 2.60
4-Months 2.40 2.60 2.80 3.00 2.70
5-Months 2.50 2.70 2.90 3.10 2.80
6-Months 2.60 2.80 3.00 3.20 2.90
9-Months 3.00 3.25 3.50 3.75 3.38
1-Year 3.25 3.50 3.75 4.00 3.63
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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 0.75 2.25 1.25 2.75 1.75
1-Week 1.25 1.50 1.75 2.00 1.63
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 2.50 2.70 2.90 3.10 2.80
4-Month 2.60 2.80 3.00 3.20 2.90
5-Month 2.70 2.90 3.10 3.30 3.00
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
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RUPEE IN LAHORE: The rupee continued gaining strength, and improved its worth by five paisa against the dollar amid sluggish trading in the local currency market on Saturday.
The dollar resumed trading at its overnight closing level of Rs 58.50 and Rs 58.60 as its buying and selling rates, respectively, and then kept moving downward to finally finish at Rs 58.45 and Rs 58.55, respectively, the currency dealers said.
As it was half day of banks, therefore, a small number of people visited the currency market, which led to low turnover.
Meanwhile, the pound was purchased at Rs 107.25, and sold at Rs 107.50 as compared to its overnight closing of Rs 107.20 and Rs 107.60, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of the dollar against the rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 58.40 (buying) and Rs 58.50 (selling) against the 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).
The pound sterling opened at Rs 107 (buying) and Rs 107.20 (selling) against the overnight value. It did not observe any further change in the second session, and closed at Rs 107 (buying) and Rs 107.20 (selling).
The Canadian dollar opened at Rs 42.60 (buying) and Rs 42.80 (selling) against the overnight value. It did not witness any further change in the evening session, and closed at Rs 42.60 (buying) and Rs 42.80 (selling).
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