Firmer trend was seen in the interbank market on Saturday as the rupee maintained its overnight level against the dollar for buying and selling at 60.36 and 60.38, dealers said. Modest demand for dollars, helped the rupee to hold its present levels, dealers said.
In the New York, the dollar rose for a third straight session on Friday after data showed the US economy generated more jobs than expected in June, easing concerns that the Federal Reserve may cut interest rates this year.
The government's non-farm payrolls report, the most closely watched barometer of the health of the US labor market, showed that 132,000 jobs were created in June, beating the consensus forecast of 120,000 in a Reuters poll. The euro was down 0.1 percent on the day at $1.3580. The dollar was up 0.4 percent at 123.48 yen.
OPEN MARKET RATES: The rupee gave up its overnight weakness, gaining three paisa against the dollar for buying and selling at 61.05 and 61.12, dealers said. The rupee, however, failed to hold its firmness, losing sharply against the euro, sliding 28 paia for buying and selling at Rs 82.60 and Rs 82.70, they said.
================================
KERB BUYING Rs 61.05
KERB SELLING Rs 61.12
================================
INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
==============================
Buying Rs 60.36
Selling Rs 60.38
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 8.00 9.00 8.25 9.20 8.61
1-Week 7.75 8.25 8.00 8.40 8.10
2-Weeks 8.00 8.15 8.25 8.40 8.20
1-Month 8.60 8.75 8.75 8.90 8.75
2-Months 8.70 8.90 8.80 9.00 8.85
3-Months 8.75 8.90 8.85 9.00 8.88
4-Months 8.80 9.00 8.85 9.05 8.93
5-Months 8.85 9.00 8.95 9.10 8.98
6-Months 8.85 9.10 8.95 9.10 9.00
9-Months 8.90 9.10 9.00 9.15 9.04
1-Year 8.90 9.10 9.10 9.25 9.09
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 8.50 9.25 9.00 9.50 9.06
1-Week 8.00 8.50 8.25 8.75 8.38
2-Weeks 8.50 9.00 8.90 9.25 8.91
1-Month 8.90 9.25 9.00 9.40 9.14
2-Months 9.25 9.50 9.40 9.70 9.46
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
=================================================================
RUPEE IN LAHORE: The rupee marginally recovered and improved its worth by five paisa against the greenback in the local currency markets on Saturday.
According to the currency dealers, the dollar resumed trading at Friday's closing of Rs 61.15 and Rs 61.25 as its buying and selling rates, respectively. As a result of contraction in demand for dollar, whose rate moved down to Rs 61.10 and Rs 61.20 on buying and selling counters, respectively, the dealers said.
However, the rupee remained unchanged against the pound sterling. The British pound was traded at overnight closing level of Rs 122.00 and Rs 122.30 on buying and selling sides, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 60.90 (buying) and Rs 61.00 (selling) against the overnight value. It did not observe any change in the second 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 previous rate. It did not witness any change in the evening session and closed at Rs 120.00 (buying) and Rs 120.20 (selling).
Comments
Comments are closed for this article.