Rupee-dollar parity rates were down in the currency market on Monday, except selling rate in open market, dealers said. In the interbank market, the rupee shed versus dollar two paisa for buying at Rs 60.41 and it slid two paisa at Rs 60.42,for selling they said.
The rates slipped in the interbank market as dollar supply was tight in process of trading, they added. The dollar gave up its overnight weakness versus the leading currencies, steadied against yen after rallying in the previous session on strong recovery in the US stock market, which helped ease investor worries about a credit squeeze.
The dollar's gains will likely be limited ahead of the Federal Reserve's one-day policy meeting later in the session, as traders wait to see if the central bank comments on risks to economic growth from woes in the US credit market.
OPEN MARKET RATES: The rupee shed two paisa against the dollar for buying at 60.85 while it did not move any side for selling at Rs 60.90, respectively. The rupee improved its overnight levels against euro, picking up 10 paisa for buying and selling at Rs 83.56 and Rs 83.66 respectively, they said.
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KERB BUYING Rs 60.85
KERB SELLING Rs 60.90
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
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Buying Rs 60.41
Selling Rs 60.42
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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 9.00 7.50 9.25 8.25
1-Week 8.80 9.00 9.00 9.25 9.01
2-Weeks 8.80 9.15 9.00 9.25 9.05
1-Month 8.90 9.25 9.10 9.30 9.14
2-Months 9.00 9.25 9.20 9.40 9.21
3-Months 9.00 9.25 9.25 9.40 9.23
4-Months 9.10 9.35 9.25 9.50 9.30
5-Months 9.15 9.50 9.30 9.60 9.39
6-Months 9.20 9.60 9.35 9.70 9.46
9-Months 9.25 9.60 9.40 9.70 9.49
1-Year 9.30 9.65 9.40 9.75 9.53
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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 9.25 8.00 9.50 8.56
1-Week 9.10 9.50 9.25 9.75 9.40
2-Weeks 9.25 9.60 9.40 9.75 9.50
1-Month 9.25 9.75 9.40 9.90 9.58
2-Months 9.40 9.75 9.60 10.00 9.69
3-Months 9.50 9.90 9.90 10.10 9.85
4-Months 9.60 10.00 9.75 10.20 9.89
5-Months 9.65 10.00 9.75 10.25 9.91
6-Months 9.75 10.00 10.00 10.25 10.00
9-Months 10.00 10.25 10.25 10.50 10.25
1-Year 10.00 10.50 10.25 10.75 10.38
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RUPEE IN LAHORE: The rupee gained five paisas in relation to dollar in Lahore currency market on Tuesday. The dollar began trading at overnight closing level of Rs 60.85 and Rs 60.95 on buying and selling sides, but later dropped to Rs 60.80 and Rs 60.90 on buying and selling counters because of falling demand.
The pound was purchased and sold at Rs 122.40 and 122.70 against Monday's Rs 122.70 and Rs 123.00 on buying and selling sides.
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 Tuesday.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against the same overnight value. It did not observe any change in the second session and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound sterling opened at Rs 123.30 (buying) and Rs 123.70 (selling) against the previous rate. It did not observe any change in the second spell and closed at Rs 123.30 (buying) and Rs 123.70 (selling).
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