In the pre-budget session, the rupee trimmed some gains against dollar due to higher demand for the greenback on the money market on Thursday, money experts said. The rupee failed to retain its level against dollar due to strong demand for the US currency, shedding seven paisa for buying and selling at 85.94 and 85.98, they said.
INTERBANK MARKET RATES: On Thursday dollar stuck near a one-month low against a basket of currencies and hovered near a record low versus the Swiss franc, after more weak US data stoked jitters that the US economy's soft patch may become protracted. The euro edged up against dollar but remained well below a recent four-week high, having taken a hit the previous day after Moody's Investors Service slashed Greece's credit rating by three notches deep into junk territory.
Interbank buy/sell rates for taka against dollar on Thursday: 73.59/73.73 (previous 73.55/73.65). Call Money Rates: 7.00-12.00 percent (previous 6.00-12.00 percent). The yuan ended down slightly against dollar after the People's Bank of China set a weaker mid-point following five days of record high fixings, reflecting its intention to let the yuan take a breather. Indian rupee was trading at Rs 44.84 versus dollar and Malaysian ringgit was available at 3.0200 in terms of the US currency.
OPEN MARKET RATES: The rupee did not show any change in relation to dollar for the third day for buying and selling at 86.10 and 86.30, they added. The rupee lost 54 paisa in relation to euro for buying and selling at Rs 124.03 and Rs 124.53, they said.
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Open Buying Rs 86.10
Open SELLING Rs 86.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs 85.94
Selling Rs 85.98
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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 11.10 12.50 11.20 12.75 11.89
1-Week 12.25 12.90 13.00 13.10 12.81
2-Week 12.50 13.10 13.15 13.20 12.99
1-Month 12.75 13.20 13.15 13.25 13.09
2-Months 12.85 13.25 13.25 13.35 13.18
3-Months 12.90 13.30 13.30 13.35 13.21
4-Months 13.00 13.30 13.30 13.35 13.24
5-Months 13.10 13.35 13.35 13.40 13.30
6-Months 13.25 13.45 13.40 13.50 13.40
9-Months 13.30 13.60 13.60 13.70 13.55
1-Year 13.40 13.65 13.65 13.75 13.61
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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 11.10 12.60 11.20 12.75 11.91
1-Week 12.35 13.00 13.10 13.25 12.93
2-Week 12.75 13.20 13.20 13.30 13.11
1-Month 12.90 13.25 13.25 13.35 13.19
2-Months 13.00 13.40 13.30 13.45 13.29
3-Months 13.10 13.45 13.30 13.50 13.34
4-Months 13.10 13.45 13.40 13.50 13.36
5-Months 13.25 13.50 13.40 13.60 13.44
6-Months 13.30 13.60 13.45 13.65 13.50
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
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RUPEE IN LAHORE: The Pak rupee showed stability stayed unchanged at its overnight closing level against the dollar in the open market on Thursday.
According to the currency dealers, the dollar commenced trading at its Wednesday closing of Rs 86.10 and Rs 86.35, as its buying and selling rates, respectively. Because of invisible change in the dollar's demand and supply situation, the dollar was closed at the opening levels, the dealers said.
However, the rupee recovered some of its earlier loss and appreciated its worth on buying side, while it remained unchanged on selling side in relation to the pound sterling. The pound was purchased and sold at Rs 140.50 and Rs 141.50, as compared to day earlier closing of Rs 140.90 and Rs 141.50 respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar resumed trading at Rs 85.60 (buying) and Rs 85.80 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.60 (buying) and Rs 85.80 (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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