Upward trend was witnessed on the money market on Friday as the rupee recovered modestly versus dollar in process of trading, dealers said. The rupee gained 10 paisa against dollar for buying at 85.70 and rose by 12 paisa for selling at 85.73, they said.
INTERBANK MARKET RATES: During the final Asian session of the week yen recouped some of the losses it made after Standard & Poor's cut Japan's credit rating by a notch, while euro slipped from two-month highs on Friday as players took profits from its recent rally. The euro's hefty gains from a four-month low hit less than three weeks ago suggested it was ripe for profit-taking, but a mounting number of warnings on inflation by euro zone policy-makers is seen supporting the currency for now.
The dollar slipped to 82.70 yen from around 82.90 yen in late US trade, after initially rallying to as high as 83.22 yen on Thursday.
Indian rupee was trading at Rs 45.57 versus dollar, Malaysian ringgit was available at 3.0550 in terms of the greenback and Chinese yuan was at 6.5851.
OPEN MARKET RATES: The rupee was up by five paisa in relation to dollar for buying at 86.10 while it retained its overnight level for selling at 86.30, they added. The rupee, however, slid 40 paisa for buying and selling versus euro at Rs 117.50 and Rs 118.00, they added.
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Buying Rs 85.70
Selling Rs 85.73
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Buying Rs 86.10
Selling Rs 86.30
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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 13.00 13.90 13.50 13.90 13.58
1-Week 11.75 13.25 13.10 13.30 12.85
2-Week 11.80 13.15 13.10 13.25 12.83
1-Month 11.95 13.20 13.20 13.25 12.90
2-Months 12.45 13.20 13.20 13.30 13.04
3-Months 12.95 13.40 13.40 13.50 13.31
4-Months 13.00 13.40 13.40 13.50 13.33
5-Months 13.20 13.50 13.45 13.60 13.44
6-Months 13.35 13.55 13.50 13.60 13.50
9-Months 13.40 13.60 13.60 13.75 13.59
1-Year 13.45 13.65 13.70 13.80 13.65
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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 13.00 13.90 13.50 13.90 13.58
1-Week 12.25 13.35 13.25 13.40 13.06
2-Week 12.30 13.30 13.25 13.40 13.06
1-Month 12.40 13.40 13.30 13.50 13.15
2-Months 12.75 13.45 13.35 13.50 13.26
3-Months 13.00 13.70 13.40 13.75 13.46
4-Months 13.10 13.65 13.45 13.75 13.49
5-Months 13.20 13.70 13.50 13.80 13.55
6-Months 13.30 13.75 13.65 13.90 13.65
9-Months 13.30 13.75 13.70 13.90 13.66
1-Year 13.40 13.80 13.75 13.90 13.71
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RUPEE IN LAHORE: The rupee gained strength against the greenback on Friday and appreciated marginally in the local currency markets.
According to the currency dealers, the rupee showed strength and recovers some of its earlier loss against the dollar on account of decline in buying support. The dollar was traded at Rs 86.00 and Rs 86.20, as its buying and selling rates, as compared to overnight closing rates of Rs 86.10 and Rs 86.25, respectively, they added.
On the other hand, the local currency remained unchanged against the pound sterling. The pound was purchased and sold at its last closing at Rs 136.50 and Rs 137.50, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the currency exchange establishments of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 85.90 (buying) and Rs 86.10 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.90 (buying) and Rs 86.10 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).
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