The rupee failed to maintain its firmness, showing three paisa fall against dollar for buying and selling at Rs 60.62 and Rd 60.64, dealers said.
Dollar demand by the importers kept the rupee under pressure and the rupee is likely to move down till the end of the out-going fiscal year, they said.
The euro extended its gains to hit a record high against the low-yielding yen for the second straight session, getting a boost following Friday's remarks by BoJ Governor Toshihiko Fukui that all but doused fears of a rate rise in July.
OPEN MARKET RATES: The rupee resisted more slide against the dollar in the open market on Monday as it showed no change in the weekend's levels at Rs 61.00 and Rs 61.10 despite persistent demand for the US currency, dealers said. The rupee was down by nine paisa at Rs 81.54 and Rs 81.59 versus euro for buying and selling in process of trading, they said.
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Kerb Buying Rs 61.00
Kerb Selling Rs 61.10
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Monday.
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Buying Rs 60.62
Selling Rs 60.64
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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 8.75 9.40 8.90 9.45 9.13
1-Week 9.00 9.25 9.10 9.40 9.19
2-Weeks 8.90 9.10 9.00 9.25 9.06
1-Month 8.75 9.00 8.95 9.15 8.96
2-Months 8.80 8.95 8.85 9.00 8.90
3-Months 8.80 9.00 8.85 9.05 8.93
4-Months 8.80 9.00 8.90 9.05 8.94
5-Months 8.85 9.00 8.95 9.10 8.98
6-Months 8.85 9.05 8.95 9.10 8.99
9-Months 8.90 9.10 9.05 9.20 9.06
1-Year 8.90 9.15 9.10 9.25 9.10
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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 8.85 9.65 8.90 9.70 9.28
1-Week 9.00 9.40 9.25 9.60 9.31
2-Weeks 9.10 9.45 9.30 9.70 9.39
1-Month 9.20 9.60 9.40 9.70 9.48
2-Months 9.25 9.60 9.40 9.75 9.50
3-Months 9.25 9.60 9.40 9.75 9.50
4-Months 9.40 9.75 9.65 9.90 9.68
5-Months 9.50 9.75 9.75 10.00 9.75
6-Months 9.75 10.00 10.00 10.25 10.00
9-Months 10.00 10.25 10.25 10.50 10.25
1-Year 10.00 10.50 10.25 10.75 10.38
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RUPEE IN LAHORE: The rupee maintained its position and remained unchanged against the greenback in the local currency markets on Monday.
According to the currency dealers, the dollar resumed trading at Saturday's closing level of Rs 61.00 and Rs 61.10 as its buying and selling rates, respectively. The demand for dollar and its supply condition remained unchanged, which provided stability to the rupee. At the end of trading, the dollar closed at the opening rates, the dealers said.
On the contrary, the rupee continued last week downward trend and further depreciated its value against the pound sterling. The pound's buying rate improved from last week closing of Rs 120.20 to Rs 120.50 while its selling rate increased from Rs 120.50 to Rs 120.80, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of the dollar against the rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi on Monday.
The dollar opened at Rs 60.90 (buying) and Rs 61.00 (selling) against the last rate. It did not witness any change in the evening session and closed at Rs 60.90 (buying) and Rs 61.00 (selling).
Pound Sterling opened at Rs 120.00 (buying) and Rs 120.20 (selling) against the overnight value. It did not witness any change in the second spell and closed at Rs 120 (buying) and Rs 120.20 (selling).
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