Firm trend was seen in the interbank market on Wednesday as the rupee retained its overnight levels for buying and selling at 60.14 and 60.16, respectively. Though the fiscal year about to end and the import payments are near completion, the rupee did not show sharp fluctuation in terms of dollar, currency analysts said.
It is expected that the rupee may recover further versus the greenback in the coming weeks, they said. In the international markets the US price data helped the dollar to retain its present firmness but profit-taking may force it to give up its gains slightly, they said.
OPEN MARKET RATES: The rupee extended its overnight gains, rising six paisa versus the dollar for buying and selling at 60.42 and 60.47, dealers said. The rupee, however, failed to maintain its winning grounds, losing 15 paisa versus the euro for buying and selling at Rs 75.95 and Rs 76.05.
================================
Buying Rs 60.42
Selling Rs 60.47
================================
INTERBANK CLOSING RATES: Interbank closing rates for dollar on Wednesday.
==============================
Buying Rs 60.14
Selling Rs 60.16
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 7.75 8.25 8.00 8.50 8.13
1-Week 8.00 8.25 8.10 8.40 8.19
2-Weeks 8.10 8.35 8.40 8.55 8.35
1-Month 8.30 8.50 8.40 8.60 8.45
2-Months 8.30 8.55 8.40 8.60 8.46
3-Months 8.35 8.60 8.50 8.65 8.53
4-Months 8.35 8.65 8.50 8.70 8.55
5-Months 8.40 8.65 8.55 8.70 8.58
6-Months 8.50 8.70 8.65 8.75 8.65
9-Months 8.60 8.75 8.75 8.85 8.74
1-Year 8.70 8.80 8.80 8.85 8.79
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 8.00 8.40 8.25 8.50 8.29
1-Week 8.25 8.50 8.50 8.90 8.54
2-Weeks 8.40 8.75 8.75 9.00 8.73
1-Month 8.75 9.20 8.90 9.30 9.04
2-Months 8.90 9.40 9.00 9.50 9.20
3-Months 9.00 9.40 9.25 9.60 9.31
4-Months 9.10 9.40 9.25 9.75 9.38
5-Months 9.25 9.50 9.40 9.75 9.48
6-Months 9.35 9.60 9.50 9.75 9.55
9-Months 9.50 10.00 9.80 10.25 9.89
1-Year 9.60 10.00 9.80 10.25 9.91
=================================================================
RUPEE IN LAHORE: The rupee remained firm and further improved its worth by five-paisa in relation to the greenback in the local currency markets on Wednesday.
According to the currency dealers, the dollar maintained downward slide due to lacking buying support. The dollar's trading commenced at overnight closing rates of Rs 60.50 and Rs 60.55 as its buying and selling rates, respectively. At the end of trading, the dollar closed at Rs 60.45 and Rs 60.55 on buying and selling sides, respectively, the dealers added.
Likewise, the local currency appreciated its value against the pound sterling. The pound's buying rate declined from Tuesday's closing rate of Rs 111.25 to Rs 111.10 while selling rate moved down from Rs 111.50 to Rs 111.40, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of twin cities of Islamabad and Rawalpindi on Wednesday.
The dollar opened at Rs 60.50 (buying) and Rs 60.60 (selling) against same previous rate. It did not observe any further change in the evening session and closed at Rs 60.50 (buying) and Rs 60.60 (selling).
Pound sterling opened at Rs 111.25 (buying) and Rs 111.50 (selling) against same previous rate. It did not observe any further change by the end of evening session and closed at Rs 111.25 (buying) and Rs 111.50 (selling).
Comments
Comments are closed.