No change was seen in the rupee-dollar parity rates on the interbank market on Wednesday, the rupee overnight levels for buying and selling holding at 80.55 and 80.60, marketmen said. Dollar selling in the market eased pressure over the rupee as the rupee touched the high mark of 80.66 and it seems that the rupee might trade in the range of 80.60 in the near future, they added.
In the third Asian trade, the yen fell as an improvement in US consumer confidence reinvigorated investor interest in betting on riskier assets, including currencies seen likely to benefit quickest from economic improvement. Sterling climbed to a six-month high against yen and neared $1.60, while dollar also gained against the Japanese currency, as did the euro and Australian dollar.
OPEN MARKET RATES: The rupee shed five paisa in terms of the dollar for buying at 80.75 while it did not show any change for selling at 80.90, they said. The rupee, however, gained 10 paisa against euro for buying at Rs 111.70 while it did not move any side for selling at Rs 112.70, they said.
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Open Buying Rs 80.75
Open Selling Rs 80.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Wednesday.
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Buying Rs 80.55
Selling Rs 80.60
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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 10.75 11.50 11.00 11.75 11.25
1-Week 11.75 12.65 12.50 12.80 12.43
2-Week 12.50 12.90 12.90 13.00 12.83
1-Month 12.60 12.90 12.75 13.00 12.81
2-Months 12.65 13.15 13.00 13.30 13.03
3-Months 12.65 13.15 13.00 13.30 13.03
4-Months 12.65 13.15 13.10 13.30 13.05
5-Months 12.75 13.15 13.10 13.30 13.08
6-Months 12.75 13.20 13.20 13.30 13.11
9-Months 12.90 13.20 13.25 13.30 13.16
1-Year 13.00 13.25 13.25 13.30 13.20
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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 11.00 11.75 11.50 12.00 11.56
1-Week 12.75 13.15 13.00 13.25 13.04
2-Week 12.75 13.25 12.90 13.40 13.08
1-Month 13.10 13.35 13.25 13.50 13.30
2-Months 13.25 13.50 13.40 13.60 13.44
3-Months 13.25 13.60 13.50 13.75 13.53
4-Months 13.25 13.65 13.50 13.75 13.54
5-Months 13.30 13.75 13.50 13.85 13.60
6-Months 13.35 13.75 13.50 13.80 13.60
9-Months 13.40 13.75 13.50 13.80 13.61
1-Year 13.40 13.75 13.50 13.90 13.64
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RUPEE IN LAHORE: The rupee appreciated by 20 paisa in relation to dollar at Lahore currency market on Wednesday. The dollar witnessed contraction in its demand that helped the rupee improve. The dollar, soon after commencement of trading, started declining and ended at Rs 80.50 and Rs 80.70 against Tuesday's Rs 80.70 and Rs 80.90 on buying and selling sides, respectively, moneychangers said.
The moneychangers at the Shahra-e-Quaid-e-Azam closed their business soon after the suicidal attack on Police Emergency-15 office. However, the rupee could not maintain rising trend and slid down against pound sterling. The pound's buying and selling rates improved from overnight Rs 126.70 and Rs 127.70 to Rs 127.20 and Rs 128.00, respectively, moneychangers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Wednesday. The dollar opened at Rs 80.40 (buying) and Rs 80.50 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 80.40 (buying) and Rs 80.50 (selling). Pound Sterling opened at Rs 125 (buying) and Rs 126 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 125 (buying) and Rs 126 (selling).
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