Mixed pattern was seen on the currency market on Thursday in process of trading, dealers said. The rupee maintained its surge versus dollar, gaining more 10 paisa for buying and selling at 85.60 and 85.65, they said. In the fourth Asian trade dollar held near a 10-month low on euro and a 28-year low on the Australian dollar while edging back towards a record low on the yen after a Federal Reserve decision to buy more US government debt.
Spot yuan ended up on dollar on Thursday as the People's Bank of China fixed a stronger mid-point after the Federal Reserve's latest easing weakened the dollar globally, paving the way for a new round of yuan appreciation.
But the PBOC's reference rate, from which the yuan can rise or fall 0.5 percent in a day, strengthened much less than the dollar's weakening as the Chinese central bank appeared to be leaving some room for yuan to appreciate in the future.
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Open Buying Rs 85.55
Open Selling Rs.85.70
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Buying Rs.85.60
Selling Rs.85.65
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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 11.00 12.75 11.25 13.25 12.06
1-Week 10.95 11.90 12.00 12.10 11.74
2-Week 11.20 12.15 12.15 12.25 11.94
1-Month 11.75 12.25 12.30 12.40 12.18
2-Months 12.20 12.50 12.45 12.60 12.44
3-Months 12.45 12.80 12.65 12.90 12.70
4-Months 12.50 12.80 12.75 12.90 12.74
5-Months 12.60 12.90 12.85 13.00 12.84
6-Months 12.70 12.90 12.80 13.00 12.85
9-Months 12.70 13.00 12.95 13.10 12.94
1-Year 12.80 13.00 13.00 13.15 12.99
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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 12.75 11.50 13.25 12.19
1-Week 11.50 12.10 12.15 12.25 12.00
2-Week 11.85 12.25 12.25 12.35 12.18
1-Month 12.00 12.30 12.40 12.50 12.30
2-Months 12.40 12.90 12.75 13.00 12.76
3-Months 12.50 13.10 12.90 13.25 12.94
4-Months 12.60 13.15 13.00 13.25 13.00
5-Months 12.70 13.20 13.10 13.30 13.08
6-Months 12.80 13.25 12.90 13.35 13.08
9-Months 12.90 13.30 13.10 13.40 13.18
1-Year 13.10 13.40 13.20 13.45 13.29
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According to the currency dealers, the dollar resumed trading at its overnight closing level of Rs 85.50 and Rs 85.70, as its buying and selling rates. The dollar witnessed no visible change in its worth and finally ended at the opening levels, the dealers said.
On the contrary, the Pak rupee remained under pressure and lost 50-paisa against the pound sterling on buying side, while it remained unchanged on the selling side. The pound was purchased and sold at Rs 137.00 and Rs 137.50, as compared to last day closing of Rs 136.50 and Rs 137.50, respectively, the dealers added.
The dollar resumed trading at Rs 85.40 (buying) and Rs 85.50 (selling) against the rate of Rs 86.20 (buying) and Rs 86.30 (selling). It did not observe further change in the evening session and closed at Rs 85.40 (buying) and Rs 85.50 (selling).
Pound Sterling opened at Rs 136.00 (buying) and Rs 136.20 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.00 (buying) and Rs 136.20 (selling).