The rupee moved both ways against dollar on the currency market on Saturday in process of trading, money experts said. The rupee gained five paisa against dollar, for buying at 85.90 and rose by three paisa for selling at 85.95, they said.
INTERBANK MARKET RATES: At the week-end it was a banner week for the euro as Greece evaded a near-term default and investors embraced risk, but don't expect a repeat performance given investors' belief that the country's debt crisis is far from over and concerns about the global economic recovery.
Relief over Greece caused the euro to enjoy its best weekly performance against the US dollar since January. After days of Greece headlines, market participants next week will turn their focus on US economic data and a European Central Bank monetary policy meeting.
The Greek parliament passed two crucial austerity bills this week, opening the way for international lenders to release a 12-billion-euro ($17 billion) loan instalment that Athens urgently needs to stave off bankruptcy.
OPEN MARKET RATES: The rupee maintained overnight level against greenback for buying at 86.00 while it shed 10 paisa for selling at 86.20 , they added. The rupee, however, inched up with a rise of 4 paisa versus euro for buying and selling at Rs 124.40 and Rs 124.90, they said.
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Open Buying Rs 86.00
Open Selling Rs 86.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Buying Rs 85.90
Selling Rs 85.95
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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 13.50 13.00 13.75 13.25
1-Week 12.50 13.30 13.25 13.35 13.10
2-Week 12.75 13.30 13.30 13.35 13.18
1-Month 12.90 13.30 13.30 13.35 13.21
2-Months 13.00 13.35 13.30 13.40 13.26
3-Months 13.10 13.35 13.35 13.45 13.31
4-Months 13.10 13.40 13.35 13.45 13.33
5-Months 13.15 13.40 13.40 13.50 13.36
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 12.75 13.50 13.00 13.75 13.25
1-Week 12.75 13.35 13.30 13.40 13.20
2-Week 13.00 13.35 13.35 13.45 13.29
1-Month 13.10 13.40 13.40 13.50 13.35
2-Months 13.15 13.50 13.45 13.60 13.43
3-Months 13.15 13.50 13.45 13.60 13.43
4-Months 13.20 13.50 13.50 13.65 13.46
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 closed the week on a negative note, as it depreciated its worth 15-paisa on buying side (Rs 86.05) and 5-paisa on selling side (Rs 86.25) in relation to the greenback in the local kerb markets on Saturday.
The dollar resumed trading at Rs 86.00 and Rs 86.20 on buying and selling counters, respectively. In the wake of fresh buying activity, the dollar moved up and closed at Rs 86.05 and Rs 86.25 as dollar's buying and selling rates, respectively.
Similarly, the British pound improved its worth against the local currency. The pound was purchased and sold at Rs 138.30 and Rs 138.70, respectively, as against Rs 138.00 and Rs 139.00 of Friday, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of dollar against the rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 86.00 (buying) and Rs 86.20 (selling) against same overnight value. It did not observe further change in the second 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 value. 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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