Extended demand for dollars kept the rupee under pressure on the local currency market on Monday, experts said. The rupee shed 14 paisa against dollar for buying at 86.09 and 13 paisa for selling at 86.12, they said.
INTERBANK MARKET RATES: In the first Asian trade euro struggled near a record low against the Swiss franc and fell versus dollar, staying under pressure ahead of this week's decision by the Greek parliament on whether to back austerity reforms demanded by international lenders. Greece's deputy prime minister warned on Sunday that rebel lawmakers may block some of the reforms, but added that parliament will probably back an overall austerity package to avert national bankruptcy.
Investors have been selling euro and buying back dollar to minimise risk as the market grows increasingly concerned about the financial system in Europe after shares of two top Italian banks plunged amid concerns about their capital positions.
"The euro is exposed to more selling pressure as the market is starting to factor-in systemic risk to the euro zone," said Daisuke Karakama, market economist at Mizuho Corporate Bank.
The yuan ended down against dollar as the People's Bank of China set a slightly weaker mid-point following a rise in the dollar index. Interbank buy/sell rates for taka against dollar on Monday: 74.08/74.10 (previous 74.10/74.10). Call Money Rates: 6.00-12.00 percent (previous 9.00-12.00 percent).
OPEN MARKET RATES: The rupee fell by five paisa against the greenback for buying and selling at 86.15 and 86.35, they added. The rupee followed the same pattern in terms of losing 97 paisa for buying and selling at Rs 122.70 and Rs 123.20, they said.
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Open Buying Rs 86.15
Open Selling Rs.86.35
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Buying Rs.86.09
Selling Rs.86.12
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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 13.00 11.25 13.25 12.15
1-Week 12.25 12.90 13.00 13.25 12.85
2-Week 12.50 13.10 13.25 13.35 13.05
1-Month 12.75 13.15 13.25 13.35 13.13
2-Months 12.80 13.30 13.30 13.35 13.19
3-Months 12.90 13.35 13.35 13.45 13.26
4-Months 13.00 13.40 13.35 13.45 13.30
5-Months 13.10 13.40 13.40 13.50 13.35
6-Months 13.25 13.50 13.50 13.60 13.46
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 11.15 13.05 11.30 13.30 12.20
1-Week 12.50 13.00 13.10 13.35 12.99
2-Week 12.75 13.05 13.30 13.40 13.13
1-Month 13.00 13.20 13.30 13.40 13.23
2-Months 12.95 13.50 13.45 13.60 13.38
3-Months 13.10 13.50 13.45 13.60 13.41
4-Months 13.10 13.50 13.50 13.65 13.44
5-Months 13.25 13.55 13.50 13.65 13.49
6-Months 13.30 13.60 13.50 13.65 13.51
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 rupee remained unchanged on buying side while it lost 10 paisa on selling side in relation to dollar at Lahore currency market on Monday.
According to dealers, the dollar commenced trading at overnight Rs 86.15 and Rs 86.25 as buying and selling rates, respectively. However, at the end of trading, the dollar closed at Rs 86.15 and Rs 86.35 on buying and selling side.
The rupee-pound sterling parity stayed unchanged. The pound was traded at previous closing of Rs 138.60 and Rs 139.00 on buying and selling counters, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the currency markets of Islamabad and Rawalpindi on Monday.
The dollar resumed trading at Rs 86.00 (buying) and Rs 86.20 (selling) against same overnight values. It did not observe further change in the evening session and closed at Rs 86.00 (buying) and Rs 86.20 (selling).
Pound sterling opened at Rs 138.40 (buying) and Rs 138.50 (selling) against same overnight values. It did not observe further change in the evening session and closed at Rs 138.40 (buying) and Rs 138.50 (selling).
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