Steady trend was seen on the interbank market on Thursday as the rupee did not show any change against dollar for buying and selling at 79.45 and 79.50, market men said. Demand for dollars was strong and supply was also there, which enabled the rupee not to drift any side, they said.
In the fourth session of Asian trade yen rose against other major currencies in safe-haven trades, with investors avoiding risk as Japanese share prices fell on disappointment over financial rescue plans in the United States.
OPEN MARKET RATES: The rupee maintained its overnight levels against dollar for buying and selling at 79.20 and 79.50, they said. Meanwhile the rupee failed to retain its overnight gains against euro, falling 20 paisa for buying at Rs 102.00, it, however, gained 80 paisa for selling at Rs 103.00, they said.
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Open Buying Rs 79.20
Open Selling Rs 79.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Thursday.
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Buying Rs 79.45
Selling Rs 79.50
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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 10.00 14.75 10.25 14.90 12.48
1-Week 11.25 12.00 11.30 12.25 11.70
2-Week 11.50 11.75 11.75 12.10 11.78
1-Month 11.75 12.25 12.00 12.40 12.10
2-Months 12.40 12.75 12.70 12.90 12.69
3-Months 12.75 13.00 13.00 13.25 13.00
4-Months 12.90 13.20 13.25 13.40 13.19
5-Months 13.10 13.35 13.25 13.45 13.29
6-Months 13.20 13.40 13.40 13.60 13.40
9-Months 13.25 13.45 13.50 13.55 13.44
1-Year 13.40 13.50 13.55 13.65 13.53
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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 12.00 14.90 12.50 15.00 13.60
1-Week 12.00 13.00 12.50 13.50 12.75
2-Week 11.75 13.00 12.50 13.25 12.63
1-Month 12.75 13.25 13.25 13.50 13.19
2-Months 13.00 13.50 13.25 13.75 13.38
3-Months 13.75 14.25 14.00 14.50 14.13
4-Months 13.75 14.50 14.25 14.75 14.31
5-Months 14.00 14.50 14.50 14.75 14.44
6-Months 14.25 14.75 14.75 15.00 14.69
9-Months 14.75 15.25 15.00 15.50 15.13
1-Year 15.00 15.50 15.25 15.75 15.38
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RUPEE IN LAHORE: The Pak rupee could not get out of pressure and further declined by 20 paisa on buying side and 30 paisa on selling side in relation to the greenback in the open currency market on Thursday. The moneychangers said the dollar's demand remained intact that kept the rupee under pressure. The dollar opened on a healthy note and kept on moving up during the day.
At the end of trading, the dollar was finished at 79.40 and Rs 79.80 against the overnight closing of Rs 79.20 and Rs 79.50 on buying and selling counters, respectively. On the contrary, the rupee maintained rising trend and further appreciated its value against the pound sterling. The pound was purchased and sold at Rs 113.00 and Rs 115.00 as compared to Wednesday closing of Rs 114.50 and Rs 116.00, respectively the moneychangers said.
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