Steadier trend was seen on the currency market on Thursday as the rupee managed to gain versus the US currency despite the higher demand for dollars, dealers said. The rupee almost retained its overnight level against the dollar as it did not show any variation for buying at 85.50, it, however, inched up with a gain of one paisa for selling at 85.54, they said.
INTERBANK MARKET RATES: In the fourth Asian trade, the euro paused below a 12-week peak on Thursday, though hawkish comments from the European Central Bank the day could give it fresh impetus to test resistance around $1.3950. The euro could gain even more if Federal Reserve Chairman Ben Bernanke, who is due to speak only a few hours after ECB chief Jean-Claude Trichet, reaffirms that the bank's policy is still focusing on boosting growth. The euro traded at $1.3805, having slipped on profit-taking after it hit a 12-week high of $1.3862 on Wednesday.
Interbank buy/sell rates for the taka against the dollar on Thursday.
71.15/71.15 (previous 71.14/71.15) Call Money Rates: 4.00-6.00 percent (previous 4.00-7.00 percent).
Indian rupee was little changed on Thursday after a weak start as mild gains in domestic shares helped steady the market, but the outlook was tepid with high oil prices spurring demand for dollars. At 10:10 am (0440 GMT) the partially convertible rupee was at 45.63/64 per dollar, after easing to 45.65 in early trade and little changed from Wednesday's close of 45.62/63.
OPEN MARKET RATES: The rupee gained 15 paisa against the dollar for buying at 85.65 while it picked up 10 paisa for selling at 85.80, they added. The rupee gave up weakness versus the euro, appreciating 20 paisa for buying and selling at Rs 117.60 and Rs 118.10, they said.
=========================
Open Buying Rs 85.65
Open Selling Rs 85.80
=========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
=========================
Buying Rs.85.50
Selling Rs.85.54
=========================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 11.05 11.75 11.10 11.90 11.45
1-Week 11.50 12.40 12.35 12.45 12.18
2-Week 11.60 12.75 12.65 12.80 12.45
1-Month 11.85 12.80 12.75 12.90 12.58
2-Months 12.40 13.15 13.15 13.25 12.99
3-Months 12.90 13.25 13.20 13.30 13.16
4-Months 13.00 13.30 13.25 13.35 13.23
5-Months 13.20 13.45 13.40 13.50 13.39
6-Months 13.35 13.50 13.45 13.55 13.46
9-Months 13.40 13.60 13.50 13.65 13.54
1-Year 13.45 13.60 13.55 13.65 13.56
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 11.05 11.75 11.10 11.90 11.45
1-Week 12.00 12.50 12.50 12.60 12.40
2-Week 12.25 12.80 12.70 12.90 12.66
1-Month 12.40 12.95 12.90 13.00 12.81
2-Months 12.75 13.30 13.25 13.35 13.16
3-Months 13.00 13.40 13.30 13.50 13.30
4-Months 13.10 13.65 13.45 13.75 13.49
5-Months 13.20 13.70 13.50 13.75 13.54
6-Months 13.30 13.75 13.65 13.90 13.65
9-Months 13.30 13.75 13.70 13.90 13.66
1-Year 13.40 13.80 13.75 13.90 13.71
=================================================================
RUPEE IN LAHORE: The Pak rupee lost 10-paisa on buying side (Rs 85.60), while it remained unchanged on selling side (Rs 85.90) against the dollar in the open currency markets on Thursday.
According to the moneychangers, there was no visible change in the dollar's demand and supply situation. The dollar commenced trading at overnight closing rates of Rs 85.60 and Rs 85.90 on buying and selling counters, respectively. However, at the end of trading, the dollar showed marginal improvement and was closed at Rs 85.70 on buying side, while selling rate remained intact at Rs 85.90, the moneychangers added.
Likewise, the local currency remained under pressure against the pound sterling and lost 30-paisa on buying counter (Rs 137.80) and 20-paisa on selling counter (Rs 138.50). The pound was traded at Rs 137.80 and Rs 138.50, as compared to overnight closing rates of Rs 137.50 and Rs 138.30, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the currency exchange establishments of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 85.90 (buying) and Rs 86.10 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.90 (buying) and Rs 86.10 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).
Comments
Comments are closed for this article.