The rupee extended its fall versus dollar on the currency market on Friday in process of trading, dealers said. The rupee was nearly unchanged in relation to dollar as it did not show any change for buying at 86.70 while it slipped by one paisa for selling at 86.75, they said.
INTERBANK MARKET RATES: In the final Asian trade euro clung to gains eked out in volatile overnight trade but looked increasingly vulnerable as European leaders remained deeply divided ahead of a weekend summit on the region's debt crisis. The euro, last at $1.3786, has kept well off its nine-month low hit in early October, however, despite a widening in spreads on yields between safe-haven German Bunds and other European countries.
The yuan closed a touch higher versus dollar on Friday after the People's Bank of China set a slightly stronger mid-point in the wake of a fall in the US Dollar Index. The yuan remained more than 400 pips lower than its record trading high hit on October 11 right before the US Senate granted approval to a bill aimed at pressing China to let the yuan appreciate faster, saying an artificially weak yuan was robbing jobs in the United States. The US dollar versus the Indian rupee was available at Rs 49.80, and it was also trading against the Malaysian ringgit at 3.1505.
OPEN MARKET RATES: No respite was seen in the rupee's fall versus dollar in the open market, shedding 40 paisa for buying and selling at 87.80 and at 88.10, they added. The rupee also followed the same pattern in terms of euro, losing Rs 1.38 for buying and selling at Rs 120.71 and Rs 121.21, they said.
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Open Buying Rs 86.70
Open Selling Rs 86.75
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Open Market Rates: Open Market Rates For Dollar on Friday.
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Buying Rs 87.80
Selling Rs 88.10
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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 11.25 11.75 11.50 11.90 11.60
1-Week 11.60 11.75 11.70 11.80 11.71
2-Week 11.60 11.75 11.75 11.85 11.74
1-Month 11.65 11.70 11.75 11.85 11.74
2-Months 11.65 11.75 11.80 11.85 11.76
3-Months 11.65 11.75 11.80 11.85 11.76
4-Months 11.65 11.80 11.80 11.85 11.78
5-Months 11.65 11.80 11.80 11.85 11.78
6-Months 11.65 11.80 11.80 11.85 11.78
9-Months 11.70 11.80 11.80 11.85 11.79
1-Year 11.75 11.85 11.85 11.90 11.84
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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 11.25 11.75 11.50 11.90 11.60
1-Week 11.65 11.80 11.70 11.85 11.75
2-Week 11.65 11.85 11.80 11.90 11.80
1-Month 11.70 11.85 11.80 11.90 11.81
2-Months 11.75 11.85 11.85 11.90 11.84
3-Months 11.80 11.90 11.90 11.95 11.89
4-Months 11.80 11.90 11.90 11.95 11.89
5-Months 11.80 11.90 11.90 12.00 11.90
6-Months 11.85 11.95 11.95 12.00 11.94
9-Months 11.85 12.00 12.00 12.10 11.99
1-Year 11.90 12.00 12.10 12.15 12.04
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RUPEE IN LAHORE: The rupee lost 30 paisa on buying side and 40 paisa on selling side against dollar at Lahore currency market on Friday.
According to dealers, the dollar improved to Rs 87.90 and Rs 88.50 against overnight Rs 87.60 and Rs 88.10 for buying and selling, respectively.
Pound's buying and selling rates improved to Rs 138.70 and Rs 139.50 as compared to Thursday's Rs 137.50 and Rs 138.20, respectively, 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 87.55 (buying) and Rs 88.05 (selling) against last rate. It did not observe further change in the second session and closed at Rs 87.55 (buying) and Rs 88.05 (selling).
Pound Sterling opened at Rs 137.80 (buying) and Rs 137.90 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).
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