The post-holiday session observed five paisa fall in the interbank market on Thursday versus the dollar for buying and selling at Rs 59.63 and Rs 59.68, dealers said.
Everyone was exchanging Eid-greetings, and also taking part in business, as all the trading centres re-opened after observing a four-day holiday on account of Eidul Fitr, they added.
They said the dollar was in demand as importers were in the market to cover their near-term requirements as the currency market was closed for long week-end on account of Eid holidays, adding in the near future, the rupee might maintain its present levels versus the dollar.
In the world markets, the dollar was in striking distance of record lows against the euro and 7-1/2 month lows versus the yen ahead of G-20 meeting, dealers said.
The US currency skidded to an all-time low of around $1.3045 per euro in New York trade on Wednesday. Against the Japanese unit, it plunged to around 103.80 yen a level not seen since the beginning of April.
OPEN MARKET RATES: By and large, the same pattern was witnessed in the open market as the euro posted a fresh gain of 50 paisa versus the rupee for buying and selling at Rs 77.20 and Rs 77.50, dealers said, adding the it expanded its ground versus the rupee on the back of dollar's weakness in the international markets.
The single European currency was available at Rs 77.10 and Rs 77.40 in the morning session, they said, adding the people were buying euros on surging its demand in the international markets.
The rupee, however, gained 10 paisa versus the dollar for buying and selling at Rs 60.00 and Rs 60.10, they added
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KERB BUYING Rs 60.00
KERB SELLING Rs 60.10
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Thursday.
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BUYING Rs 59.63
SELLING Rs 59.68
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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 5.00 6.50 6.00 7.00 6.13
1-Week 5.25 5.50 6.00 6.50 5.81
2-Week 4.50 4.75 5.00 5.25 4.88
1-Month 3.75 4.00 4.25 4.50 4.13
2-Months 4.00 4.25 4.50 4.75 4.38
3-Months 3.60 3.70 4.00 4.20 3.88
4-Months 3.70 3.90 4.20 4.40 4.05
5-Months 3.75 4.00 4.25 4.50 4.13
6-Months 4.00 4.25 4.50 4.75 4.38
9-Months 3.80 4.50 4.75 5.00 4.51
1-Year 4.25 4.50 4.75 5.25 4.69
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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 5.50 7.25 6.50 7.40 6.66
1-Week 5.75 6.50 7.00 7.25 6.63
2-Week 4.75 5.25 5.50 6.00 5.38
1-Month 4.25 4.75 5.25 5.75 5.00
2-Month 4.25 4.50 5.00 5.25 4.75
3-Month 4.00 4.25 4.50 4.75 4.38
4-Month 4.20 4.40 4.60 4.80 4.50
5-Month 4.50 4.75 5.00 5.25 4.88
6-Month 4.50 5.00 5.20 5.40 5.03
9-Month 5.00 5.25 5.50 5.75 5.38
1-Year 5.25 5.50 6.00 6.50 5.81
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RUPEE IN LAHORE: The rupee failed to maintain upward trend, but lost its worth by 55 paisa in relation to the greenback in the local currency markets on Thursday.
The currency dealers said the dollar resumed trading at Rs 60.00 and Rs 60.20 on buying and selling counters, respectively. Following the increase in its demand, the greenback's rate started moving up, and finally closed higher at Rs 60.05 and Rs 60.30 on buying and selling sides, respectively, as against Rs 59.50 and Rs 59.75 of Wednesday, they added.
Likewise, the rupee remained under pressure, and recorded depreciation in its value against the pound sterling. The pound's buying rate improved from Wednesday's closing of Rs 107.50 to Rs 110.20, while selling rate moved up to Rs 110.60, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar was up by 20 paisa against the rupee in the open currency markets of Islamabad and Rawalpindi on Thursday.
The greenback opened at Rs 59.90 (buying) and Rs 60 (selling) against the last rate of Rs 59.70 (buying) and Rs 59.80 (selling). It did not observe any further change in the evening session, and closed at Rs 59.90 (buying) and Rs 60 (selling).
Pound sterling opened at Rs 110 (buying) and Rs 110.20 (selling) against the last rate. It did not observe any further change in the evening session, and closed at Rs 110 (buying) and Rs 110.20 (selling).
Canadian dollar opened at Rs 49.65 (buying) and Rs 49.75 (selling) against the same previous rate. It did not witness any further change by the end of second spell, and closed at Rs 49.65 (buying) and Rs 49.75 (selling).
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