After breaching the psychological level of 84 on Monday, the rupee continued its weakness versus dollar in the interbank market on Tuesday, shedding three paisa for buying at 84.15 and two paisa for selling at 84.20, dealers said.
Some analysts said that the rupee fell sharply against dollar after the State Bank of Pakistan's (SBP) decision that the private sector or commercial banks to make payment for oil import bills from December 14, 2009 instead of February 2010.
Some brokers said that as a result of forward buying of dollar by different quarters, it is felt that the rupee may suffer further downfall in the near future. In the meantime, exports may depict improvement in the coming days as the dollar is rising and nobody can guess about the new highs. In the second Asian trade dollar fell and yen rose after senior Federal Reserve officials curbed speculation of a quick rise in US rates that had sent the greenback smartly higher after a promising jobs report last week.
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Open Buying Rs 83.90
Open Selling Rs.84.00
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Buying Rs.84.15
Selling Rs.84.20
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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 11.90 12.10 12.00 12.20 12.05
1-Week 11.75 11.90 12.00 12.05 11.93
2-Week 11.75 12.00 12.00 12.10 11.96
1-Month 11.80 12.00 12.10 12.15 12.01
2-Months 11.85 12.00 12.10 12.15 12.03
3-Months 11.85 12.10 12.10 12.15 12.05
4-Months 11.90 12.10 12.10 12.15 12.06
5-Months 11.90 12.05 12.00 12.15 12.03
6-Months 11.90 12.10 12.00 12.15 12.04
9-Months 11.90 12.10 12.00 12.15 12.04
1-Year 11.90 12.10 12.10 12.20 12.08
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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 11.90 12.15 12.00 12.25 12.08
1-Week 11.90 12.20 12.20 12.30 12.15
2-Week 12.00 12.25 12.20 12.30 12.19
1-Month 12.00 12.25 12.10 12.30 12.16
2-Months 12.00 12.25 12.15 12.30 12.18
3-Months 12.00 12.25 12.15 12.30 12.18
4-Months 12.10 12.25 12.15 12.30 12.20
5-Months 12.10 12.30 12.20 12.35 12.24
6-Months 12.15 12.30 12.25 12.35 12.26
9-Months 12.15 12.40 12.35 12.45 12.34
1-Year 12.25 12.45 12.40 12.50 12.40
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