The rupee on Thursday maintained its surge versus the dollar in the interbank market, gaining six paisa in relation to the dollar for buying and selling at Rs 60.50 and Rs 60.57, respectively. Market players said the rupee has managed to expand its ground due to corrective measures taken by the State Bank of Pakistan (SBP).
The continued watch over the currency fluctuations might enable the rupee to sustain its firmness versus the greenback, they added.
In the overseas markets, the dollar has failed to come out of weak spell versus the leading currencies amid the US post-election session, they said.
The rupee, however, lost 10 paisa versus the euro for buying and selling at Rs 76.55 and Rs 76.85 as the single European currency held its present firmness versus the greenback, they added
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KERB BUYING Rs 60.55
KERB SELLING Rs 60.65
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BUYING Rs 60.50
SELLING Rs 60.57
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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 0.20 1.00 0.40 1.50 0.78
1-Week 1.00 1.50 1.75 2.25 1.63
2-Week 2.50 3.25 3.00 3.50 3.06
1-Month 3.00 3.40 3.40 3.80 3.40
2-Months 3.30 3.60 3.70 4.10 3.68
3-Months 3.20 3.75 3.60 4.25 3.70
4-Months 3.30 3.70 3.70 4.10 3.70
5-Months 3.40 3.90 3.70 4.40 3.85
6-Months 3.60 4.00 3.90 4.50 4.00
9-Months 3.80 4.20 4.20 4.70 4.23
1-Year 3.90 4.40 4.30 4.90 4.38
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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 0.40 1.25 0.60 1.75 1.00
1-Week 1.25 1.50 2.25 2.50 1.88
2-Week 3.20 3.40 3.60 3.80 3.50
1-Month 3.25 3.75 3.75 4.25 3.75
2-Month 3.75 4.00 4.25 4.50 4.13
3-Month 3.75 4.00 4.25 4.50 4.13
4-Month 4.00 4.25 4.50 4.75 4.38
5-Month 4.00 4.25 4.50 4.75 4.38
6-Month 4.25 4.50 4.75 5.00 4.63
9-Month 4.50 4.75 5.25 5.75 5.06
1-Year 4.75 5.25 5.50 6.50 5.50
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According to the currency dealers, the dollar regained some of its position following buying spree in the currency markets. The dollar resumed trading at Rs 60.65 and Rs 60.85 as its buying and selling rates, respectively.
However, the greenback depreciated its value and was closed at Rs 60.70 and Rs 60.90 on buying and selling counters, respectively as compared to Rs 60.60 and Rs 60.90 of Wednesday, the dealers added.
However, the pound-rupee parity remained unchanged amid sluggish trading trend. The British pound was traded at Wednesday's closing level of Rs 110.60 and Rs 111.00 on buying and selling sides, respectively, the dealers added.
The dollar opened at Rs 60.40 (buying) and Rs 60.50 (selling) against last rate of Rs 60.50 (buying) and Rs 60.60 (selling). It did not observe any further change in the second session and closed at Rs 60.40 (buying) and Rs 60.50 (selling).
Pound sterling opened at Rs 110 (buying) and Rs 110.40 (selling) against last rate of Rs 112 (buying) and Rs 112.20 (selling). It did not show any further change in the evening session and closed at Rs 110 (buying) and Rs 110.40 (selling).
Canadian dollar opened at Rs 49.50 (buying) and Rs 49.60 (selling) against last rate of Rs 49.75 (buying) and Rs 49.85 (selling). It did not witness any further change in the evening session and closed at Rs 49.50 (buying) and Rs 49.60 (selling).