The rupee moved down slightly versus dollar in the interbank market on Saturday, shedding one paisa for buying at Rs 60.61 and two paisa for selling at Rs 60.63 amid pre-Eid holiday session.
Heavy buying of dollars kept the rupee under pressure and it seemed that the rupee might not come out of the weak spell in the post-Eid holiday sessions, dealers said.
OPEN MARKET RATES: In the open market, the rupee shed three paisa versus dollar for buying at Rs 60.55, but gained two paisa for selling at Rs 60.60, dealers said.
It posted fresh gain of 13 paisa in terms of euro for buying and selling at 76.03 and Rs 76.13, they said.
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Buying ($) Rs 60.55
Selling ($) Rs 60.60
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 60.61
Selling Rs 60.63
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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 7.50 8.50 8.00 8.75 8.19
Overnight 8.25 9.25 8.50 9.40 8.85
1-Week 8.70 9.00 8.85 9.10 8.91
2-Weeks 8.65 8.65 8.80 9.00 8.83
1-Month 8.65 8.80 8.75 9.00 8.80
2-Months 8.60 8.80 8.75 9.05 8.80
3-Months 8.70 8.85 8.75 9.10 8.85
4-Months 8.70 8.90 8.80 9.15 8.89
5-Months 8.75 8.90 8.80 9.15 8.90
6-Months 8.80 9.10 8.85 9.25 9.00
9-Months 8.85 9.10 9.00 9.25 9.05
1-Year 8.90 9.10 9.10 9.35 9.11
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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 9.50 10.25 9.75 10.50 10.00
1-Week 9.50 10.25 10.00 10.75 10.13
2-Weeks 9.50 10.00 10.00 10.50 10.00
1-Month 9.75 10.25 10.00 10.50 10.13
2-Months 9.75 10.25 10.00 10.50 10.13
3-Months 9.75 10.50 10.25 10.75 10.31
4-Months 9.75 10.50 10.25 10.75 10.31
5-Months 9.75 10.50 10.25 10.75 10.31
6-Months 10.25 10.75 10.50 11.00 10.63
9-Months 10.25 10.75 10.50 11.00 10.83
1-Year 10.50 10.75 11.00 11.25 10.88
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RUPEE IN LAHORE: The dollar-rupee parity remained unchanged amid sluggish trading in Lahore currency market on Saturday.
According to currency dealers, the dollar resumed trading at overnight rates of Rs 60.60 and Rs 60.70 on buying and selling sides, respectively. There was no change in demand and supply situation, which helped the rupee in maintain its value.
There was further change during the entire day's trading.
On the contrary, the pound's buying rate improved from Friday's Rs 113.30 to Rs 113.40 while selling rate moved up from Rs 113.70 to Rs 113.80, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at currency markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 60.60 (buying) and Rs 60.70 (selling) overnight rates. It did not observe any change and closed at Rs 60.60 (buying) and Rs 60.70 (selling).
Pound Sterling opened at Rs 113 (buying) and Rs 113.20 (selling) against same previous rate. It did not witness any change in the evening session and closed at Rs 113 (buying) and Rs 113.20 (selling).
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