The rupee resisted more erosion in its value against dollar in interbank market on Friday as it did not move any side for buying at 63.18 while it gained two paisa for selling at 63.20, dealers said.
Higher demand for dollar by importers kept the rupee under pressure slightly and it is likely that the rupee may not be able to retain its present levels in days to come, they said. In final Asian trade, the dollar dipped against euro as expectations of efforts by world finance chiefs to take up the sagging greenback, faded ahead of a key meeting in Washington, dealers said.
The euro rose to 1.5763 dollars in Tokyo morning trade from 1.5742 in New York late Thursday, when the currency had earlier hit a record high 1.5915 as the European Central Bank left interest rates unchanged. Traders said euro had eased off its peak after remarks by ECB president Jean Claude-Trichet, who said uncertainty over eurozone economic growth had increased.
OPEN MARKET RATES: The rupee slid by another 10 paisa in relation to dollar for buying and selling at 63.80 and 63.90, they said. If the demand for dollars persisted the rupee may easily cross the barrier of 64 versus the greenback, they added. The rupee, however, gained 45 paisa in relation to the euro for buying and selling at 100.05 and 100.15 in process of trading, they added.
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Open Buying Rs 63.80
Open Selling Rs 63.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.
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Buying Rs 63.18
Selling Rs 63.20
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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 10.40 10.45 10.40 10.45 10.43
1-Week 9.75 10.00 9.90 10.25 9.98
2-Weeks 9.50 9.75 9.70 10.00 9.74
1-Month 9.50 9.70 9.55 9.75 9.63
2-Months 9.50 9.65 9.60 9.75 9.63
3-Months 9.50 9.65 9.60 9.75 9.63
4-Months 9.60 9.80 9.70 9.90 9.75
5-Months 9.65 9.90 9.75 10.00 9.83
6-Months 9.70 9.90 9.80 10.00 9.85
9-Months 9.75 10.00 9.90 10.10 9.94
1-Year 10.00 10.15 10.10 10.25 10.13
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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 10.50 11.40 10.60 11.50 11.00
1-Week 9.85 10.25 10.10 10.50 10.18
2-Weeks 9.75 10.25 10.00 10.50 10.13
1-Month 9.75 10.00 9.90 10.25 9.98
2-Months 9.75 10.00 10.00 10.25 10.00
3-Months 9.85 10.25 10.00 10.40 10.13
4-Months 9.85 10.25 10.00 10.40 10.13
5-Months 10.00 10.40 10.25 10.50 10.29
6-Months 10.00 10.40 10.25 10.50 10.29
9-Months 10.25 10.50 10.50 10.75 10.50
1-Year 10.25 10.75 10.50 11.00 10.63
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RUPEE IN LAHORE: The rupee-dollar parity remained unchanged on Lahore currency market on Friday. The dollar commenced trading at overnight closing level of Rs 63.80 and Rs 64.00 as its buying and selling rates. The opening rates continued in the entire day's trading and finally closed at the same level.
The rupee-pound parity also remained unchanged at Thursday level. The pound trading started at Rs 125.40 and Rs 126.00 on buying and selling sides and witnessed fractional change in its value though it closed at the same level.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against rupee at the currency markets of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 63.80 (buying) and Rs 63.90 (selling) against same last rate. It did not observe any change in the evening session and closed at Rs 63.80 (buying) and Rs 63.90 (selling). Pound sterling opened at Rs 125.80 (buying) and Rs 125.90 (selling) against same overnight value. It did not observe further change in the second session and closed at Rs 125.80 (buying) and Rs 125.90 (selling).
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