Declining trend was seen on the currency market on Saturday as strong buying of dollars forced the rupee to give up its overnight gains in terms of the US currency, dealers said. On the interbank market the rupee lost 15 paisa against dollar for buying and selling at 84.25 and 84.30, they said.
At the weekend in the New York, the dollar rose against most major currencies and was headed for its best weekly gain against euro since April as investors who sold the US currency for most of 2009 bought it back as the year-end neared.
The euro fell below $1.43 for the first time since early September before recovering some losses, while the dollar rose against the Japanese yen for a fourth consecutive day.
OPEN MARKET RATES: The rupee shed five paisa versus dollar for buying and selling at 84.45 and 84.55, dealers said. Meanwhile the rupee gained 40 paisa in terms of euro for buying and selling at Rs 120.41 and Rs 120.91, they said.
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Buying Rs 84.25
Selling Rs.84.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Open Buying Rs.84.45
Open Selling Rs.84.55
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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 12.00 12.40 12.10 12.40 12.23
1-Week 11.90 12.10 12.05 12.15 12.05
2-Week 12.00 12.15 12.15 12.20 12.13
1-Month 12.00 12.10 12.10 12.20 12.10
2-Months 11.90 12.05 12.00 12.15 12.03
3-Months 11.80 12.10 11.90 12.15 11.99
4-Months 11.85 12.10 12.00 12.15 12.03
5-Months 11.90 12.10 12.00 12.15 12.04
6-Months 11.90 12.10 12.00 12.15 12.04
9-Months 11.90 12.10 12.00 12.15 12.04
1-Year 11.90 12.10 12.10 12.20 12.08
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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 12.40 12.10 12.45 12.24
1-Week 12.10 12.30 12.20 12.35 12.24
2-Week 12.20 12.40 12.25 12.50 12.34
1-Month 12.10 12.40 12.25 12.50 12.31
2-Months 12.10 12.35 12.15 12.40 12.25
3-Months 12.10 12.25 12.15 12.30 12.20
4-Months 12.10 12.25 12.15 12.30 12.20
5-Months 12.10 12.30 12.20 12.35 12.24
6-Months 12.15 12.30 12.25 12.35 12.26
9-Months 12.15 12.40 12.35 12.45 12.34
1-Year 12.25 12.45 12.40 12.50 12.40
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RUPEE IN LAHORE: The rupee lost 10 paisa against dollar at Lahore currency market on Saturday. According to moneychangers, the dollar closed higher at Rs 84.30 and Rs 84.60 as buying and selling rates against Rs 84.20 and Rs 84.50, respectively. However, the rupee -pound parity stayed unchanged. The pound was purchased and sold at Friday's Rs 136.00 and Rs 137.00 respectively, moneychangers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday. The dollar opened at Rs 84.00 (buying) and Rs 84.10 (selling) against the last rate. It did not observe further change in the last trading hours and closed at Rs 84.00 (buying) and Rs 84.10 (selling).
Pound Sterling opened at Rs 135.60 (buying) and Rs 135.90 (selling) against the overnight value. It did not observe any further change in the second session and closed at Rs 135.60 (buying) and Rs 135.90 (selling).
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