Downward trend was seen on the local currency market on Saturday as the number increased for dollar purchasing, money, experts said. On the interbank market the rupee was down three paisa at 84.04 against dollar for buying and it shed one paisa for selling at 84.07, they said.
The rupee may move both ways versus dollar in the coming days, they added. At the weekend euro rose after an EU source said euro zone leaders had agreed to terms of a possible emergency loan aimed at helping Greece manage a worsening debt crisis. The news allowed traders to shrug off a downgrade by Fitch of Greece's credit rating by two notches, to one grade above junk status. Fitch Ratings cited Athens' fiscal challenges and uncertainty about how a European Union-International Monetary Fund aid program agreed last month would be applied.
OPEN MARKET RATES: The rupee was lower by 15 paisa against dollar for buying at 84.15 and slipped by 10 paisa for selling at 84.25, dealers said. The rupee lost Rs 1.10 versus euro for buying and selling at Rs 112.65 and Rs 113.15, they added.
==============================
Buying Rs 84.04
Selling Rs 84.07
==============================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
==============================
Open Buying Rs 84.15
Open Selling Rs 84.25
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 11.60 12.10 11.80 12.20 11.93
1-Week 11.25 11.98 11.95 12.00 11.80
2-Week 11.50 12.00 11.95 12.05 11.88
1-Month 11.60 12.00 11.95 12.05 11.90
2-Months 11.70 12.00 12.05 12.10 11.96
3-Months 11.75 12.00 12.05 12.10 11.98
4-Months 11.85 12.05 12.10 12.15 12.04
5-Months 11.85 12.10 12.10 12.15 12.05
6-Months 11.85 12.10 12.05 12.15 12.04
9-Months 11.95 12.15 12.15 12.20 12.11
1-Year 12.00 12.20 12.20 12.25 12.16
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 11.60 12.00 11.90 12.15 11.91
1-Week 11.50 12.00 11.95 12.10 11.89
2-Week 11.60 12.00 11.95 12.10 11.91
1-Month 11.80 12.10 12.00 12.15 12.01
2-Months 11.90 12.10 12.10 12.15 12.06
3-Months 12.00 12.15 12.15 12.20 12.13
4-Months 12.00 12.20 12.15 12.25 12.15
5-Months 12.00 12.25 12.15 12.30 12.18
6-Months 12.00 12.25 12.15 12.30 12.18
9-Months 12.10 12.25 12.20 12.30 12.21
1-Year 12.15 12.30 12.25 12.40 12.28
=================================================================
RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading activity in the local currency market on Saturday.
According to the currency dealers, there was no change in dollar's demand and supply situation that helped rupee stability in the open market. The dollar was traded at overnight closing of Rs 84.10 and Rs 84.30 on buying and selling rates, respectively.
Similarly, the rupee stayed unchanged on buying side while it improved its worth on selling side in relation to the pound sterling. The pound was purchased and sold at Rs 127.30 and Rs 128.00, as compared to Friday closing of Rs 127.30 and Rs 128.30, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee 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 hour and closed at Rs 84.00 (buying) and Rs 84.10 (selling).
Pound Sterling opened at Rs 125.90 (buying) and Rs 126.90 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 125.90 (buying) and Rs 126.90 (selling).
Comments
Comments are closed.