No change was seen in the rupee-dollar parity rates on Friday in the absence normal trading due to thin staff, experts said. In order to bring peace in the city, police and paramilitary troops were ordered to shoot on sight after several people were killed in three days of political violence.
Most of the commercial centres and fuel stations in Karachi m were shut and public transport idled after the Muttahida Qaumi Movement (MQM), announced a day of mourning against the latest surge in violence in the country's financial and commercial hub.
INTERBANK MARKET RATES: The rupee was unchanged against dollar for buying and selling at 85.82 and 85.84, sources said. In the final Asian trade, the euro kept a tentative grip on overnight gains, cheered by European Central Bank's pledge to provide Portuguese banks with liquidity. But trading was likely to be subdued ahead of the highly anticipated US jobs report.
Commodity currencies were among the best performers after upbeat US data showing a surge in private sector hiring further helped boost risk appetite. This saw New Zealand dollar hit a fresh 30-year high, around $0.8344. Indian rupee was available at Rs 44.43 versus dollar, Malaysian ringgit at 2.9955 and Chinese yuan was at 6.464 in relation to the greenback.
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Buying Rs 85.82
Selling Rs 85.84
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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 13.25 13.90 13.51
1-Week 12.75 13.30 13.25 13.35 13.16
2-Week 12.90 13.30 13.30 13.35 13.21
1-Month 13.00 13.30 13.30 13.35 13.24
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 13.00 13.90 13.30 13.95 13.54
1-Week 13.00 13.35 13.30 13.40 13.26
2-Week 13.10 13.40 13.35 13.45 13.33
1-Month 13.15 13.40 13.35 13.45 13.34
2-Months 13.15 13.45 13.40 13.50 13.38
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-dollar parity remained unchanged amid low trading activity in the local currency market on Friday.
According to the currency dealers, there was no change in the dollar's demand and supply situation that helped rupee stability in the open market. The dollar was traded at its overnight closing of Rs 85.90 and Rs 86.10 on buying and selling side, respectively.
The rupee marginally declined on the buying side while it remained unchanged on the selling side in relation to the greenback in the open market. The pound was purchased and sold at Rs 137.85 and Rs 138.40 as compared to Thursday closing of Rs 137.80 and Rs 138.40, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.
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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