Slight changes were seen on the currency market on Tuesday as the rupee moved cautiously versus dollar in process of trading, dealers said. The rupee inched up in relation to dollar, gaining two paisa for buying at 85.32 and picked up one paisa for selling at 85.37, they added.
INTERBANK MARKET RATES: In the second Asian trade euro held steady against dollar, pulling away from a seven-week low hit the previous day, but downside risks persisted after its recent breach of a technical support level and due to the lingering threat of further long liquidation. The euro also remains vulnerable due to concerns about the debt of countries on the euro zone's periphery although it gained some reprieve on Monday after euro zone finance ministers approved an emergency loan programme for Portugal.
OPEN MARKET RATES: The rupee retained the overnight level in relation to dollar for buying at 85.50 while it recovered five paisa for selling at 85.60, they added. The rupee lost 60 paisa in terms of euro for buying and selling at Rs 121.40 and Rs 121.90, they said.
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Open Buying Rs.85.50
Open Selling Rs.85.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Buying Rs.85.32
Selling Rs.85.37
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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 12.75 13.75 13.00 13.90 13.35
1-Week 11.75 13.20 13.20 13.30 12.86
2-Week 11.90 13.10 13.10 13.20 12.83
1-Month 12.00 13.00 13.05 13.10 12.79
2-Months 12.40 13.05 13.05 13.15 12.91
3-Months 12.75 13.05 13.00 13.15 12.99
4-Months 12.90 13.10 13.10 13.20 13.08
5-Months 13.00 13.35 13.25 13.40 13.25
6-Months 13.20 13.35 13.30 13.40 13.31
9-Months 13.25 13.50 13.50 13.60 13.46
1-Year 13.40 13.60 13.50 13.65 13.54
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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 12.75 13.75 13.00 13.90 13.35
1-Week 12.25 13.30 13.20 13.40 13.04
2-Week 12.40 13.20 13.20 13.40 13.05
1-Month 12.50 13.15 13.10 13.25 13.00
2-Months 12.90 13.20 13.15 13.30 13.14
3-Months 13.10 13.25 13.20 13.35 13.23
4-Months 13.10 13.35 13.25 13.45 13.29
5-Months 13.25 13.45 13.35 13.55 13.40
6-Months 13.30 13.50 13.40 13.60 13.45
9-Months 13.50 13.65 13.60 13.70 13.61
1-Year 13.50 13.75 13.60 13.85 13.68
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RUPEE IN LAHORE: The rupee lost 15 paisa against dollar in Lahore currency market on Tuesday.
According to dealers, the dollar closed at Rs 85.60 and Rs 85.80 as its buying and selling rates against overnight Rs 85.45 and Rs 85.65 respectively.
However, the rupee-pound parity remained unchanged as the pound was traded at its Monday closing of Rs 138.80 and Rs 139.50 on buying and selling sides, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained unchanged against rupee at the currency markets of Islamabad and Rawalpindi on Tuesday.
The dollar resumed trading at Rs 84.50 (buying) and Rs 85.10 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 84.50 (buying) and Rs 85.10 (selling).
Pound sterling opened at Rs 136.50 (buying) and Rs 137.60 (selling) against same previous rates. It did not witness any change in the evening session and closed at Rs 136.50 (buying) and Rs 137.60 (selling).
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