The rupee came under pressure against the dollar in the interbank market on Monday due to tight supply of the US currency, losing four paisa for buying and selling at 60.00 and 60.02, respectively.
According to the market sources, both foreign and local banks bought nearly 30-35 million dollars to meet the importers' demand.
In the coming days, the rupee may move in tight range due to strong demand for dollar, they said.
In the world markets, the dollar was higher against the major currencies, dealers said.
OPEN MARKET RATES: The rupee shed two paisa against the dollar for at 60.07 and slid two paisa for selling at 60.15 due to rising demand from the interbank market, dealers said.
The rupee also lost five paisa versus the euro for buying and selling at Rs 71.55 and Rs 71.65, dealers said.
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Buying Rs 60.07
Selling Rs 60.15
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Monday.
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Buying Rs 60.00
Selling Rs 60.02
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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 7.25 8.00 7.50 8.25 7 .75
1-Week 7.75 8.00 7.90 8.20 7 .96
2-Week 7.80 8.00 8.00 8.15 7 .99
1-Month 8.05 8.25 8.15 8.35 8 .20
2-Months 8.15 8.35 8.25 8.40 8 .29
3-Months 8.20 8.35 8.25 8.50 8 .33
4-Months 8.25 8.50 8.40 8.60 8 .44
5-Months 8.35 8.55 8.45 8.70 8 .51
6-Months 8.40 8.60 8.50 8.75 8 .56
9-Months 8.40 8.70 8.60 8.75 8 .61
1-Year 8.50 8.75 8.65 8.90 8 .70
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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 7.50 8.25 7.75 8.40 7.98
1-Week 8.25 8.50 8.50 8.75 8.50
2-Week 8.50 8.75 8.60 8.90 8.69
1-Month 8.75 9.25 9.00 9.50 9.13
2-Months 8.75 9.40 9.00 9.60 9.19
3-Months 8.85 9.50 9.10 9.60 9.26
4-Months 8.90 9.75 9.25 9.80 9.43
5-Months 8.90 9.75 9.30 9.90 9.46
6-Months 9.25 9.90 9.50 10.25 9.73
9-Months 9.40 10.00 9.75 10.25 9.85
1-Year 9.50 10.00 9.75 10.25 9.88
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RUPEE IN LAHORE: LAHORE: The Pak rupee remained under pressure and registered loss of seven paisa in relation to the greenback in the local currency markets on Monday.
According to the currency dealers, the dollar resumed trading at Rs 60.10 and Rs 60.20 on buying and selling sides, respectively. The opening rates continued to prevail throughout the day. However, at the end of trading, the dollar marginally improved and closed at Rs 60.12 and Rs 60.22 against Rs 60.05 and Rs 60.15 on buying and selling counters, respectively, the dealers said.
On the contrary, the rupee maintained its previous week closing level on the buying side while it appreciated its worth on selling side against the pound sterling. The pound was purchased at Rs 103.65 and was sold at Rs 104.00 as compared to last closing of Rs 103.65 and Rs 104.10, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI:
ISLAMABAD: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi on Monday.
The dollar opened at Rs 60 (buying) and Rs 60.10 (selling) unchanged from last week's rate. It did not observe any further change in the second session and closed at Rs 60 (buying) and Rs 60.10 (selling).
The pound sterling opened at Rs 104 (buying) and Rs 104.50 (selling) against same last rate. It did not observe any further change in the second spell and closed at Rs 104 (buying) and Rs 104.50 (selling).
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