The rupee inched up with a gain of three paisa against dollar for buying and selling at 80.42 and 80.44, experts said on the interbank market on Friday. Rising trend in inflows, helped the rupee to look ahead versus dollar, currency viewers said.
On the fifth Asian session dollar gained broadly on Friday as investors turned their attention to a jobs report due later in the day for clues about the health of the US economy, after bank stress test results removed a major uncertainty in financial markets.
The pound retreated from a four-month high against dollar and the euro fell from a one-month peak versus the greenback both struck the previous day as traders reduced dollar-short positions ahead of US payrolls data.
OPEN MARKET RATES: The rupee managed to gain five paisa against dollar for buying at 80.55, while it did not show any change selling at 80.75 in process of trading, they said. The rupee lost 70 paisa against euro for buying at Rs 106.70 and drifted lower by Re.1 for selling at Rs 108.00, they said.
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Open Buying Rs 80.55
Open Selling Rs 80.75
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.
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Buying Rs 80.42
Selling Rs 80.44
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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 2.00 12.75 3.00 13.00 7.69
1-Week 11.00 12.75 12.00 12.90 12.16
2-Week 12.00 12.90 12.50 13.00 12.60
1-Month 12.40 12.90 12.75 13.00 12.76
2-Months 12.60 12.95 12.90 13.05 12.88
3-Months 12.65 12.95 12.90 13.10 12.90
4-Months 12.65 13.00 12.95 13.10 12.93
5-Months 12.70 13.00 13.00 13.10 12.95
6-Months 12.75 13.05 13.00 13.10 12.98
9-Months 12.75 13.05 13.05 13.15 13.00
1-Year 12.85 13.10 13.10 13.15 13.05
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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 3.00 13.00 4.00 13.25 8.31
1-Week 12.75 13.25 13.00 13.40 13.10
2-Week 12.80 13.25 13.00 13.35 13.10
1-Month 12.90 13.30 13.10 13.35 13.16
2-Months 12.90 13.30 13.10 13.40 13.18
3-Months 12.90 13.35 13.15 13.40 13.20
4-Months 13.00 13.35 13.15 13.45 13.24
5-Months 13.10 13.30 13.20 13.45 13.26
6-Months 13.15 13.40 13.25 13.50 13.33
9-Months 13.25 13.45 13.40 13.50 13.40
1-Year 13.30 13.50 13.45 13.60 13.46
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading activity in the open currency market on Friday. Because of lacking buying support, the dollar's value remained intact at the last day closing. The dollar commenced trading at the day earlier closing of Rs 80.50 and Rs 80.85 as its buying and selling rates, which continued to prevail throughout the day. The dollar was closed without any change at the opening level, the dealers said.
However, the rupee showed strength and recovered some of its earlier loss against the pound sterling. The pound could not sustain and slide down to Rs 120.00 and Rs 121.00 as compared to Thursday closing of Rs 120.50 and Rs 121.50 on buying and selling sides, the dealers added.
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 resumed trading at Rs 80.40 (buying) and Rs 80.60 (selling) against the overnight value. Ever-favourite greenback did not show any change in the evening session and closed at Rs 80.40 (buying) and Rs 80.60 (selling). Pound Sterling opened at Rs 119.00 (buying) and Rs 120.00 (selling) against the overnight value. It did not observe further change in the second session and closed at Rs 119.00 (buying) and Rs 120.00 (selling).
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