Steadier trend was seen in the interbank market on Tuesday as the rupee-dollar parity rates stayed put for buying and selling at 60.45 and 60.47 despite the higher corporate demand for the US currency, dealers said.
The demand is high for dollars to meet the big payments of oil and other bills, if the demand persists the greenback may move with gradual increase versus the local currency, market players apprehended.
In the world markets, the dollar made strong gains versus the yen, they said. The US currency might show mixed trend in the next sessions, reports said.
OPEN MARKET RATES: The rupee posted fresh gain of two paisa versus the dollar for buying and selling at 60.48 and 60.53, they said.
The rupee, on the other hand, extended its slide versus the euro, losing more Rs 24 for buying and selling at Rs 76.78 and Rs 76.88, respectively.
================================
Buying Rs 60.48
Selling Rs 60.53
================================
INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
==============================
Buying Rs 60.45
Selling Rs 60.47
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 7.50 8.25 7.75 8.50 8.00
1-Week 8.00 8.50 8.40 8.75 8.41
2-Weeks 8.10 8.60 8.50 8.75 8.49
1-Month 8.40 8.70 8.50 8.90 8.63
2-Months 8.40 8.75 8.55 8.90 8.65
3-Months 8.50 8.80 8.70 9.10 8.78
4-Months 8.60 9.00 8.70 9.25 8.89
5-Months 8.65 9.00 8.80 9.25 8.93
6-Months 8.75 9.00 8.85 9.25 8.96
9-Months 8.80 9.20 9.10 9.40 9.13
1-Year 8.85 9.25 9.10 9.40 9.15
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 8.75 9.75 9.00 9.90 9.35
1-Week 9.00 9.50 9.25 9.75 9.38
2-Weeks 9.00 9.50 9.50 10.00 9.50
1-Month 9.25 9.75 9.75 10.25 9.75
2-Months 9.70 10.00 10.00 10.50 10.05
3-Months 9.75 10.25 10.25 10.75 10.25
4-Months 9.80 10.25 10.25 10.50 10.20
5-Months 10.00 10.50 10.30 10.75 10.39
6-Months 10.00 10.50 10.30 10.75 10.39
9-Months 10.25 10.50 10.50 11.00 10.56
1-Year 10.50 10.75 11.00 11.25 10.88
=================================================================
RUPEE IN LAHORE: The rupee showed stability as it remained unchanged in relation to the greenback in the local currency markets on Tuesday.
According to the currency dealers, the dollar resumed trading at Monday's closing level of Rs 60.55 and Rs 60.65 on buying and selling sides, respectively. In the absence of fresh buying spree, there was no fresh demand of the dollar in the local kerb; hence its buying and selling rates remained unchanged as Rs 60.55 and Rs 60.65, respectively.
However, some of the currency dealers quoted selling rate of the dollar as Rs 60.65, the dealers said. On the contrary, the local currency showed weakness in relation to the pound sterling. The British pound was traded at Rs 113.10 and Rs 113.50 on buying and selling counters, respectively, as compared to Rs 112.80 and Rs 113.20 of Monday, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged in the open currency markets of twin cities of Islamabad and Rawalpindi on Tuesday.
The greenback opened at Rs 60.50 (buying) and Rs 60.60 (selling) against the previous rate. It did not observe any further change in the second session and closed at Rs 60.50 (buying) and Rs 60.60 (selling).
Pound Sterling opened at Rs 13.30 (buying) and Rs 113.60 (selling) against the last rate of Rs 113.50 (buying) and Rs 113.80 (selling). It did not observe any further change and closed at Rs 13.30 (buying) and Rs 113.60 (selling).
Comments
Comments are closed.