Stable trend was again witnessed on interbank market on Thursday as the rupee recovered another five paisa in relation to dollar for buying and selling at 79.35 and 79.40, dealers said. The dollar supply improved as the small investors sold the greenback as a result of slight fluctuations versus the rupee, instead, the local currency is getting stronger, they said.
In the fourth session of the Asian trade risk aversion kept yen and dollar firm as global recession worries and credit jitters fuelled by uncertainty over the struggling US auto industry led investors to cut risky assets. Yen-buying gained steam in the afternoon as a slide in the Nikkei share average accelerated, with Japan's benchmark index tumbling 6.9 percent.
OPEN MARKET RATES: The rupee did not show any change for buying at 78.00 while it lost 50 paisa for selling at 79.00, they said. The rupee fell slightly versus euro for buying at Rs 98.10 but lost 90 paisa in selling at Rs 99.10 in process of trading, they said.
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Open Buying Rs 78.00
Open Selling Rs 79.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Thursday.
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Buying Rs 79.35
Selling Rs 79.40
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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 1.00 5.00 2.00 7.00 3.75
1-Week 8.50 9.75 9.00 10.00 9.31
2-Week 9.75 10.50 10.25 10.75 10.31
1-Month 11.00 11.50 11.25 11.75 11.38
2-Months 12.25 12.60 12.50 13.00 12.59
3-Months 13.25 13.60 13.60 13.80 13.56
4-Months 13.50 13.75 13.75 14.00 13.75
5-Months 13.50 13.75 13.75 14.00 13.75
6-Months 13.60 14.00 14.00 14.25 13.96
9-Months 13.90 14.20 14.25 14.50 14.21
1-Year 14.00 14.25 14.30 14.55 14.28
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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 4.00 12.00 6.00 13.00 8.75
1-Week 12.00 14.00 13.00 15.00 13.50
2-Week 13.00 15.00 14.00 15.50 14.38
1-Month 14.00 15.50 15.50 16.00 15.25
2-Months 15.00 15.75 15.50 16.00 15.56
3-Months 15.00 16.00 16.00 16.50 15.88
4-Months 15.50 16.00 16.00 16.50 16.00
5-Months 15.75 16.25 16.25 16.75 16.25
6-Months 16.00 16.50 16.50 16.75 16.44
9-Months 16.25 16.75 16.75 17.00 16.69
1-Year 16.50 17.00 17.00 17.50 17.00
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RUPEE IN LAHORE: The rupee failed to continue rising trend and lost 50 paisa in relation to the greenback in the Lahore currency market on Thursday. The dollar, because of increase in its demand, marginally moved up against the rupee. At the end of trading the dollar closed higher at Rs 78.00 Rs 79.00 against the Wednesday closing of Rs 77.50 and Rs 78.50 on buying and selling sides, respectively.
On the contrary, the rupee recovered its earlier loss and showed improvement against the pound sterling. The pound's buying and selling rates slide down to Rs 117.50 and Rs 119.50, as compared to overnight closing of Rs 121.00 and Rs 121.50, respectively. The moneychangers were of the view the difference in the buying and selling rates of the foreign currencies against the local currency that had widened significantly because of buying at high rates, have now started diminishing and soon would be normalised.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee further gained strength of Re 1 against the dollar at the open currency markets of Islamabad and Rawalpindi on Thursday. The dollar opened at Rs 79.00 (buying) and Rs 80.00 (selling) against the last rate of Rs 78.00 (buying) and Rs 79.00 (selling). It did not observe further change in the second session and closed at Rs 79.00 (buying) and Rs 80.00 (selling).
Pound Sterling opened at Rs 117.50 (buying) and Rs 118.00 (selling) against the last rate of Rs 118.00 (buying) and Rs 119.00 (selling). It did not observe further change in the second session and closed at Rs 117.50 (buying) and Rs 118.00 (selling).
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