The rupee improved with slight gain of one paisa against the dollar in the interbank market on Friday for buying and selling at 60.71 and 60.72, respectively.
The supply of dollars was good and helped the rupee to recover some gains and it seems that the stability will continue due to said reason in the days to come, dealers said. In the world markets, the dollar improved with slight gains against the major currencies in the process of trading, they said.
The dollar and major currencies have bounced back strongly against the yen in the past few days as global stock markets have recovered from a sell-off and made investors comfortable about rebuilding carry trades.
OPEN MARKET RATES: The rupee did not show any major change against the dollar as it did not show any change for buying at 60.70 while it shed two paisa for selling 60.75, dealers said. Meanwhile the rupee gained 11 paisa against the euro for buying and selling at Rs 79.62 and Rs 79.75, they said.
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Buying Rs 60.70
Selling Rs 60.75
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
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Buying Rs 60.71
Selling Rs 60.72
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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 9.40 9.40 9.40 9.45 9.41
1-Week 9.00 9.25 9.20 9.40 9.21
2-Weeks 8.85 9.10 9.00 9.20 9.04
1-Month 8.80 9.00 8.90 9.10 8.95
2-Months 8.80 8.90 8.90 9.00 8.90
3-Months 8.75 9.00 8.85 9.10 8.93
4-Months 8.75 9.00 8.85 9.10 8.93
5-Months 8.75 9.00 8.85 9.15 8.94
6-Months 8.80 9.00 8.90 9.20 8.98
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 9.45 9.75 9.50 10.00 10.05
1-Week 9.50 9.75 9.60 10.00 9.75
2-Weeks 9.50 9.75 9.60 10.00 10.01
1-Month 10.00 10.25 10.25 10.50 10.38
2-Months 9.75 10.50 10.00 10.75 10.62
3-Months 9.75 10.50 10.25 10.75 10.77
4-Months 10.00 10.75 10.25 11.00 10.98
5-Months 10.00 10.75 10.50 11.00 11.19
6-Months 10.25 11.00 10.75 11.25 11.43
9-Months 10.40 11.00 11.00 11.50 10.98
1-Year 10.50 11.25 11.00 11.50 11.06
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RUPEE IN LAHORE: The rupee lost 5 paisa on buying side and 10 paisa on the selling side in relation to dollar on Lahore currency markets on Friday.
According to dealers, the dollar trading commenced unchanged Rs 60.70 and Rs 60.75 as buying and selling rates, respectively. At the end of trading, the dollar moved up and closed at Rs 60.75 and Rs 60.85 on buying and selling sides, respectively, dealers said.
On the contrary, the rupee improved against pound sterling. The pound's buying rate declined from overnight closing of Rs 117.00 to Rs 116.90 while its selling rate moved down from Rs 117.30 to Rs 117.20, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged at the currency markets of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 60.60 (buying) and Rs 60.70 (selling) against same overnight value. It did not observe change in the evening session and closed at Rs 60.60 (buying) and Rs 60.70 (selling).
Pound sterling opened at Rs 117.70 (buying) and Rs 117.90 (selling) against same previous rate. It did not show any fluctuation by the end of second session and closed at Rs 117.70 (buying) and Rs 117.90 (selling).
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