The rupee shed two paisa in relation to the dollar in the open market on Saturday for buying and selling at 59.57 and 59.62, respectively. The rupee fluctuated marginally due to smooth supply of the dollar, dealers said. The local currency is likely to show mixed trend versus the greenback, they added. The euro recovered 70 paisa in relation to the local currency for buying and selling at Rs 78.75 and Rs 79.05, respectively.
The single European currency managed to gain modest ground on the back of dollar's weakness versus the leading currencies in the overseas markets, dealers said.
In the world markets, the dollar was down on Friday after US jobs data, though stronger than expected, disappointed traders hoping for a blockbuster number.
INTER-BANK RATES: The rupee-dollar parity remained unchanged for buying and selling at Rs 59.34 and Rs 59.35, marketmen said.
================================
KERB BUYING Rs 59.57
KERB SELLING Rs 59.62
================================
INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
==============================
BUYING Rs 59.34
SELLING Rs 59.35
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 2.00 6.00 3.00 6.50 4.38
1-Week 3.25 3.50 4.00 4.50 3.81
2-Week 3.50 3.75 4.00 4.25 3.88
1-Month 4.00 4.25 4.25 4.50 4.25
2-Months 4.00 4.25 4.50 4.75 4.38
3-Months 4.25 4.50 4.75 5.00 4.63
4-Months 4.50 4.90 5.00 5.50 4.98
5-Months 4.75 5.00 5.50 5.75 5.25
6-Months 5.00 5.50 5.75 6.00 5.56
9-Months 5.50 5.75 6.00 6.25 5.88
1-Year 6.00 6.25 6.50 6.75 6.38
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 4.00 5.00 6.00 7.00 5.50
1-Week 3.75 4.25 4.50 5.00 4.38
2-Week 4.00 4.25 4.50 5.00 4.44
1-Month 4.25 4.50 4.75 5.00 4.63
2-Month 4.25 4.50 4.75 5.00 4.63
3-Month 5.00 5.50 5.75 6.00 5.56
4-Month 5.25 5.50 6.00 6.20 5.74
5-Month 5.50 5.75 6.25 6.50 6.00
6-Month 5.75 6.00 6.50 7.00 6.31
9-Month 6.00 6.25 6.75 7.25 6.56
1-Year 6.50 6.75 7.25 7.75 7.06
=================================================================
RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid lacklustre condition in the local currency market on Saturday.
According to the currency dealers, there was no change in the dollars demand and supply condition, which provided stability to the local currency. The dollar commenced trading at overnight closing level of Rs 59.50 and Rs 59.60 as its buying and selling rates, respectively. The opening rates continued to prevail throughout the day, the dealers added.
However, the rupee showed strength and appreciated its worth against the pound sterling. The pound's buying rate declined from Friday's closing of Rs 113.50 to Rs 113.30, while its selling rate moved down from Rs 113.90 to Rs 113.50, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the currency markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 59.50 (for buying) and Rs 59.60 (for selling) against same last rate. It did not observe any further change in the second spell and closed at Rs 59.50 (buying) and Rs 59.60 (selling).
Pound sterling opened at Rs 113.60 (buying) and Rs 113.70 (selling) against same previous rate. It did not observe any change in the second spell and closed at Rs 113.60 (buying) and Rs 113.70 (selling).
Comments
Comments are closed.