Firmness prevailed on the currency market on Friday as a result of the high inflows of dollars in shape of remittances, which also help the country's foreign exchange reserves to hit all-time high at 18.31 billion dollars, dealers said.
INTERBANK MARKET RATES: The rupee retained its overnight levels against dollar for buying and selling at 86.20 and 86.25, they said. In the final Asian trade dollar spiked higher against yen, but the bounce was short-lived and traders later said the rise was unlikely to have been caused by intervention.
The dollar rose from around 78.50 yen to an intraday high of 79.42 yen in a matter of minutes, stirring talk that Japan may have intervened in the currency market. But the dollar later gave up its gains and was last down 0.3 percent at 78.64 yen, and traders played down the talk of possible intervention, with US and European banks cited as dollar buyers earlier.
Indian rupee was trading at Rs 44.54 versus dollar, Malaysian ringgit was available at 3.0060 in terms of the greenback and Chinese yuan was at 6.4442 in relation to the US currency.
OPEN MARKET RATES: The rupee for the second day maintained its levels against the US currency for buying and selling at 86.00 and 86.20, they added. The rupee recovered some lost ground in terms of euro, rising Rs 1.76 for buying and selling at Rs 120.98 and Rs 121.48, they said.
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Open Buying Rs 86.20
Open Selling Rs 86.25
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Buying Rs 86.00
Selling Rs 86.20
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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 13.25 13.00 13.30 13.08
1-Week 13.00 13.25 13.25 13.30 13.20
2-Week 13.00 13.20 13.20 13.25 13.16
1-Month 12.85 13.15 13.15 13.20 13.09
2-Months 12.90 13.20 13.15 13.25 13.13
3-Months 12.95 13.20 13.20 13.25 13.15
4-Months 13.00 13.15 13.20 13.25 13.15
5-Months 13.00 13.20 13.20 13.30 13.18
6-Months 13.00 13.20 13.20 13.30 13.18
9-Months 13.10 13.25 13.25 13.35 13.24
1-Year 13.15 13.30 13.30 13.40 13.29
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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 13.25 13.00 13.30 13.08
1-Week 13.00 13.25 13.25 13.30 13.20
2-Week 13.00 13.25 13.25 13.30 13.20
1-Month 13.00 13.20 13.20 13.25 13.16
2-Months 13.00 13.25 13.20 13.30 13.19
3-Months 13.05 13.25 13.20 13.30 13.20
4-Months 13.10 13.30 13.25 13.35 13.25
5-Months 13.10 13.30 13.30 13.35 13.26
6-Months 13.15 13.35 13.30 13.40 13.30
9-Months 13.15 13.35 13.35 13.40 13.31
1-Year 13.15 13.40 13.40 13.50 13.36
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RUPEE IN LAHORE: The Pak 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 86.00 and Rs 86.20 on buying and selling sides, respectively.
Likewise, the rupee stayed unchanged against the pound sterling amid sluggish trading trend. The pound was purchased and sold at its Thursday closing level of Rs 140.30 and Rs 141.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar resumed trading at Rs 86.00 (buying) and Rs 86.30 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.30 (selling).
Pound Sterling opened at Rs 138.30 (buying) and Rs 138.45 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 138.30 (buying) and Rs 138.45 (selling).
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