Falling trend was seen on the currency market on Friday due to strong demand for dollars, moneychangers said. On the interbank market the rupee dropped by 20 paisa in terms of dollar for buying at 81.20 and it also fell by 15 paisa for selling at 81.25, they added.
The demand for dollars was up as importers made forward buying to meet the payment requirements, they added. At the final session yen pared gains against euro and sterling as Tokyo shares bounced off earlier lows in a volatile session. The yen had risen earlier as Tokyo shares fell by more than 7 percent at one point, but trimmed its gains when the Nikkei recovered some ground to finish 3.6 percent lower.
OPEN MARKET RATES: In line with the interbank market, the rupee lost 25 paisa against dollar for buying at 80.75 and it also shed 50 paisa for selling at 81.50, dealers said. The rupee was unmoved versus euro for buying and selling at Rs 103.25 and Rs 104.25, they said.
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Open Buying Rs 80.75
Open Selling Rs 81.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.
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Buying Rs 81.20
Selling Rs 81.25
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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 4.00 12.90 5.00 12.95 8.71
1-Week 9.00 10.50 10.00 11.00 10.13
2-Week 10.75 11.25 11.25 11.75 11.25
1-Month 11.75 12.00 12.20 12.40 12.09
2-Months 12.80 13.10 13.20 13.40 13.13
3-Months 12.90 13.25 13.50 13.60 13.31
4-Months 12.95 13.25 13.55 13.65 13.35
5-Months 12.95 13.30 13.50 13.70 13.36
6-Months 13.00 13.50 13.60 13.75 13.46
9-Months 13.00 13.60 13.65 13.75 13.50
1-Year 13.20 13.70 13.70 13.80 13.60
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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 10.00 15.00 11.00 16.00 13.00
1-Week 13.00 16.00 13.50 16.50 14.75
2-Week 14.00 16.00 14.50 17.00 15.38
1-Month 15.00 16.50 15.50 17.00 16.00
2-Months 15.50 16.50 16.00 17.00 16.25
3-Months 16.00 17.00 16.50 18.00 16.88
4-Months 16.00 17.00 16.50 18.00 16.88
5-Months 16.50 17.50 17.00 18.00 17.25
6-Months 16.50 17.50 17.00 18.50 17.38
9-Months 17.00 18.00 18.00 19.00 18.00
1-Year 17.00 18.00 18.00 19.00 18.00
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RUPEE IN LAHORE: The Pak rupee maintained upward slide and further increased by 50 paisa in relation to the dollar in the Lahore currency market on Friday. The dollar, because of decline in its demand, could not sustain and slide down to Rs 80.50 and Rs 81.50 against the last closing of Rs 81.00 and Rs 82.00 on buying and selling counters, respectively. Likewise the rupee continued rising trend and gained strength against the pound sterling. The pound sterling was purchased and sold at Rs 128.00 and Rs 131.00, as compared to previous closing of Rs 129.50 and Rs 132.00, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi on Friday. The dollar opened at Rs 81 (buying) and Rs 82 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 81 (buying) and Rs 82 (selling). Pound Sterling opened at Rs 129 (buying) and Rs 130 (selling) against last rate of Rs 130 (buying) and Rs 131 (selling). It did not observe further change in the second session and closed at Rs 129 (buying) and Rs 130 (selling).
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