All-round decline was seen on the currency market on Thursday as the clients were busy in forward dollar buying, dealers said. The rupee slipped by one paisa against dollar for buying at 89.60 and dropped by 2 paisa for selling at 89.65, they said. The rupee also came under pressure versus dollar, as the US currency is gaining ground against the world major currency units, money experts said.
INTERBANK MARKET DEALINGS: OPEN MARKET RATES: In sympathy with the interbank rates, the rupee lost 60 paisa in relation to dollar for buying and selling at 86.70 and 89.90, they said. The rupee also fell in terms of euro, dropping 45 paisa for buying and selling at Rs 116.23 and Rs 116.73, they said. Reuters adds: In the fourth Asian trade euro held steady, but still hovered near an 11-month low hit the previous day as signs the European debt crisis was far from over prompted investors to sell risky assets and bolstered demand for dollar.
The euro was little changed at $1.2986 after having fallen to, as low as $1.2945 on Wednesday, the lowest level since January 11, on trading platform EBS. The next major support is found at the year's low, $1.2860 on January 10. Inter bank buy/sell rates for taka against dollar on Thursday: 80.45-80.60 (previous 80.29-80.40) Call Money Rates: 20.00 percent (previous 9.90-20.00 percent).The yuan closed near its limit down level against dollar from the central bank's mid-point on Thursday but remained marginally up so far this month as the government showed its determination to dampen speculation of yuan depreciation. The dollar was trading at Rs 54.24 versus the Indian rupee and the greenback is trading at 3.1950 in terms of the Malaysian ringgit.
========================
Open Buying Rs 89.60
Open Selling Rs 89.65
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
========================
Buying Rs 89.70
Selling Rs 89.90
========================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 9.00 9.10 9.00 9.10 9.05
1-Week 11.00 11.30 11.40 11.45 11.29
2-Week 11.40 11.50 11.60 11.70 11.55
1-Month 11.60 11.70 11.75 11.80 11.71
2-Months 11.70 11.80 11.80 11.85 11.79
3-Months 11.70 11.80 11.80 11.85 11.79
4-Months 11.70 11.75 11.80 11.85 11.78
5-Months 11.70 11.80 11.80 11.85 11.79
6-Months 11.65 11.75 11.80 11.85 11.76
9-Months 11.70 11.85 11.85 11.90 11.83
1-Year 11.70 11.85 11.85 11.90 11.83
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 9.00 9.10 9.00 9.10 9.05
1-Week 11.00 11.40 11.40 11.60 11.35
2-Week 11.50 11.80 11.70 11.80 11.70
1-Month 11.70 11.85 11.90 12.00 11.86
2-Months 11.80 11.90 11.85 12.00 11.89
3-Months 11.80 11.90 11.85 11.95 11.88
4-Months 11.80 11.90 11.90 11.95 11.89
5-Months 11.85 11.90 11.90 12.00 11.91
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
=================================================================
RUPEE IN LAHORE: The Pak rupee maintained downward slide and was further declined by 30-paisa in relation to the greenback in the local currency market on Thursday.
According to the currency dealers, the dollar's demand remained intact that helped its appreciation in the open market. At the end of trading, the dollar was closed higher at Rs 89.40 and Rs 89.80, as its buying and selling rates against the Wednesday closing of Rs 89.10 and Rs 89.50, respectively.
However, the rupee showed stability and remained unchanged on buying side, while its lost 10-paisa on selling side against the British pound. The pound was purchased and sold at Rs 138.00 and Rs 138.80, as compared to last day closing of Rs 138.00 and Rs 138.70, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 87.60 (buying) and Rs 88.05 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 87.60 (buying) and Rs 88.05 (selling).
Pound Sterling opened at Rs 137.80 (buying) and Rs 137.90 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).
Comments
Comments are closed.