Rising uncertainties on the political side, pushed the rupee to give up its so called stability against dollar, dropping 14 paisa for buying at 80.44 and falling 12 paisa for selling at 80.47, they said. There were high demands for dollars, which dragged the rupee down, giving an impression that the local currency moved cautiously in the coming days, experts said.
Amid final session of the week dollar gave up its gains against euro in volatile trade as US stocks closed the week in positive territory, prompting investors to take on more risk. The US currency had swung between gains and losses for most of the day, following trends in the stock market amid better-than-expected economic data and signs the banking sector may be stabilising.
OPEN MARKET RATES: The rupee was down with modest fall in its value against dollar, slipping 10 paisa for buying at 80.30 and dropping by 30 paisa for selling at 80.80, they said. The euro started showing its muscles versus the rupee after riding over the dollar in the world market, they said. The single European currency gained 20 paisa for buying at Rs 103.00 and it also rose by Re.1 for selling at Rs 104.50, they added.
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Open Buying Rs 80.30
Open Selling Rs 80.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
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Buying Rs 80.44
Selling Rs 80.47
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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 10.50 14.00 11.00 14.50 12.50
1-Week 11.00 11.50 11.25 12.00 11.44
2-Week 11.25 11.50 11.50 11.75 11.50
1-Month 11.10 11.25 11.30 11.50 11.29
2-Months 10.90 11.20 11.20 11.40 11.18
3-Months 11.00 11.25 11.30 11.50 11.26
4-Months 11.10 11.40 11.30 11.50 11.33
5-Months 11.15 11.45 11.35 11.60 11.39
6-Months 11.20 11.50 11.40 11.60 11.43
9-Months 11.25 11.50 11.50 11.75 11.50
1-Year 11.40 11.60 11.60 11.80 11.60
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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 7.00 15.00 7.50 15.50 11.25
1-Week 12.50 13.50 13.00 14.00 13.25
2-Week 12.00 13.00 12.50 13.50 12.75
1-Month 12.00 12.75 12.75 13.25 12.69
2-Months 11.75 13.00 12.25 13.25 12.56
3-Months 12.25 13.50 12.75 13.75 13.06
4-Months 12.50 13.50 13.00 14.00 13.25
5-Months 12.75 13.75 13.25 14.00 13.44
6-Months 12.90 13.75 13.25 14.10 13.50
9-Months 13.50 14.00 13.75 14.25 13.88
1-Year 13.75 14.25 14.00 14.50 14.13
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RUPEE IN LAHORE: The rupee declined by 15 paisa in relation to dollar in Lahore currency market on Saturday. Because of increase in dollars demand, its rate showed considerable improvement. As a result, it closed higher at Rs 80.30 and Rs 80.65 as compared to overnight Rs 80.15 and Rs 80.50 on buying and selling sides, respectively. Likewise, the rupee also depreciated against British pound. The pound was traded at Rs 112.00 and Rs 113.00 against Fridays Rs 111.80 and Rs 112.80 on buying and selling counters, respectively, moneychangers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar showed an improvement of 20 paisa against the rupee at the currency markets of Islamabad and Rawalpindi on Saturday. The dollar opened at Rs 80 (buying) and Rs 80.20 (buying) against last rate of Rs 79.80 (buying) and Rs 79.90 (selling). It did not observe further change in the evening session and closed at Rs 80 (buying) and Rs 80.20 (buying). Pound sterling opened at Rs 109 (buying) and Rs 110 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 109 (buying) and Rs 110 (selling).
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